.png)
The key equity indices traded near the flat line in morning trade. The Nifty traded below the 19,850 mark. IT shares extended losses for the second consecutive trading session.
The barometer index, the S&P BSE Sensex, was down 3.03 points or 0.00% to 67,094.41. The Nifty 50 index added 3.70 points or 0.02% to 19,836.85.
In the broader market, the S&P BSE Mid-Cap index rose 0.17% while the S&P BSE Small-Cap index gained 0.38%.
The market breadth was positive. On the BSE, 1,827 shares rose and 1,228 shares fell. A total of 165 shares were unchanged.
Results Today:
Infosys (down 1.65%), Hindustan Unilever (down 0.09%), Union Bank of India (up 2.84%), United Spirits (down 0.33%), Coforge (up 0.28%), CSB Bank (up 0.80%), Dalmia Bharat (down 0.35%), Havells India (down 0.46%), IndiaMART InterMESH (up 0.55%), ICICI Securities (down 0.03%), 360 ONE WAM (up 0.47%), Mphasis (up 1.49%), Nelco (up 1.47%), Persistent Systems (down 0.86%), Quick Heal Technologies (down 0.68%), Reliance Industrial Infrastructure (down 0.57%), Shalby (up 1.95%), South Indian Bank (up 2.64%), Tanla Platforms (up 0.39%) and Zensar Technologies (down 3.87%) will be in focus ahead of quarterly earnings.
Buzzing Index:
The Nifty IT index lost 0.95% to 31,055.90. The index declined 1% in two trading sessions.
Infosys (down 1.96%), HCL Technologies (down 1.74%), L&T Technology Services (down 1.69%), Persistent Systems (down 1.2%) and Tata Consultancy Services (down 0.8%), Wipro(down 0.49%), LTIMindtree (down 0.35%), Tech Mahindra (down 0.29%) edged lower.
Stocks in Spotlight:
L&T Finance Holdings declined 1.09%. The company's consolidated net profit surged 102.6% to Rs 530.93 crore in Q1 FY24 as against Rs 262.10 crore in Q1 FY23. Total income rose 6.3% year on year (YoY) to Rs 3,376.78 crore in the financial year ended 30 June 2023.
Hatsun Agro Product jumped 8.19% after the company's consolidated net profit jumped 54.28% to Rs 80.15 crore in Q1 FY24 as compared with Rs 51.95 crore posted in corresponding quarter last year. Revenue from operations increased by 6.75% to Rs 2,150.63 in Q1 FY24 as compared with Rs 2,014.60 in Q1 FY23.
Krsnaa Diagnostics slumped 11.46% after the company announced the cancellation of tender by Rajasthan government for providing lab services under National Health Mission (NHM).
On 12 May 2023, the company had informed about the acceptance of letter of award issued by National Health Mission, Rajasthan for providing Laboratory Services under Free Diagnostics Initiative on HUB and SPOKE Model under NHM in the entire state of Rajasthan to Krsnaa Diagnostics in consortium with the Telecommunications consultants India (TCIL) (100% Government of India Undertaking) as lead bidder.
Shares of Reliance Industries (RIL) will go through a special pre-open call auction today on the demerger of Jio Financial Services Ltd (JFSL). The difference between today's closing price of RIL and the price derived during the special session will be treated as the constant price for Jio Financial Services.
Shree Cement fell 1.23%. The company has received a letter dated 19 July 2023 from the office of Regional Director (NWR), Ministry of Corporate Affairs (MCA) informing order of inspection under Section 206(5) of the Companies Act, 2013. The company will comply the directions.
Dr. Reddy's Laboratories rose 0.78%. The United States Food & Drug Administration (USFDA) completed a Pre-Approval Inspection (PAI) and a routine GMP inspection at API manufacturing facility in Srikakulam, Andhra Pradesh. The inspection was conducted from 10 July 2023 to 19 July 2023. The inspection closed with zero observations and a classification of No Action Indicated (NAI).
Tata Communications added 0.18%. The company reported 29.8% fall in consolidated net profit to Rs 382 crore on 10.7% rise in gross revenue to Rs 4711 crore in Q1 FY24 over Q1 FY23.
Global Markets:
Asian stocks were trading mixed on Thursday as investors digested a slew of economic data across the region. China left its one year and five year loan prime rates unchanged at 3.55% and 4.2% respectively, days after it also left its medium term facility loan rates unchanged at 2.65%.
Japan recorded a surprise trade surplus of 43.05 billion yen ($308.5 million) in June. This was a sharp reversal from the 1.38 trillion yen deficit recorded in May, and the 1.37 trillion yen seen in June 2022.
US stocks ended higher Wednesday following earnings reports from a spate of banks and other large companies.
No comments:
Post a Comment