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Markets open flat but IT, auto stocks gain

Video Credit: ANI - Duration: 01:11s - Published
Markets open flat but IT, auto stocks gain

Markets open flat but IT, auto stocks gain

Equity benchmark indices were subdued during early hours on July 07 in lacklustre trading amid mixed cues from Asian peers.

At 10:15 am, the BSE S and P Sensex was up by 78 points or 0.21 per cent at 36,565 while the Nifty 50 edged up by 10 points or 0.09 per cent at 10,774.

Most sectoral indices at the National Stock Exchange were in the red except for Nifty IT which moved up by 1.7 per cent, pharma by 0.8 per cent and auto by 0.5 per cent.

IT stocks appeared to be the flavour of the day with Infosys gaining by 2.6 per cent to Rs 784.50 per share.

Wipro was up by 1.6 per cent, HCL Technologies by 1.5 per cent and Tech Mahindra by 1.3 per cent.

Auto stocks also gained marginally with Bajaj Auto and Tata Motors moving up by 1.6 per cent each and Maruti Suzuki by 1.1 per cent.

However, Power Grid Corporation slipped by 2.5 per cent to Rs 173.40 per share.

Grasim was down by 2.4 per cent, ONGC by 2.1 per cent, ITC by 1.7 per cent and Tata Steel by 1.6 per cent.

Meanwhile, Asian indices traded mixed despite a strong close on Wall Street overnight.

In Japan, Nikkei traded down by 0.7 per cent as the market participants seemed concerned over the rising number of new Covid-19 cases in Tokyo.


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Bombay Stock Exchange Bombay Stock Exchange Stock exchange in Mumbai, India

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Bajaj Auto Bajaj Auto Indian two-wheeler and three-wheeler manufacturing company

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Credit: ANI    Duration: 01:19Published

HCL Technologies HCL Technologies Indian multinational technology company

Equity indices dip on COVID worries, banking stocks suffer [Video]

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Equity benchmark indices were on a downswing during early hours on April 05 amid worries over rapidly increasing Covid-19 cases in the country. At 10:15 am, the BSE SandP Sensex was down by 1,046 points or 2.09 per cent at 49,984 while the Nifty 50 edged lower by 249 points or 1.67 per cent to 14,618. Except for Nifty IT which jumped by 1.8 per cent, all other sectoral indices at the National Stock Exchange were in the red with Nifty private bank down by 2 per cent, PSU bank and financial service by 1.9 per cent each, realty by 1.4 per cent and auto by 0.8 per cent. Among stocks, IndusInd Bank lost by 3.6 per cent to Rs 962.05 per share while Axis Bank was down by 2.4 per cent and ICICI Bank by 2.2 per cent. State Bank of India fell by 2.3 per cent, Bajaj Finance by 3.6 per cent and Bajaj Finserv by 2 per cent. Home loan lender dropped by 2.3 per cent to Rs 2,472.90 per unit. However, IT software major Infosys was up by 2.5 per cent, Wipro by 2.2 per cent and HCL Technologies by 2 per cent. Wipro, Britannia, JSW Steel and Cipla too traded with a positive bias.

Credit: ANI    Duration: 01:06Published
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Credit: ANI    Duration: 01:17Published
Equity indices flat, ONGC dips by 2.6% [Video]

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Equity benchmark indices were volatile but largely flat during early hours on Wednesday on the back of mixed global cues. Market experts said the sentiment was also suppressed by rising Covid-19 cases and a fall in macro readings like industrial production and rising inflation. At 10:15 am, the BSE SandP Sensex was down by 15 points or 0.03 per cent at 50,349 while the Nifty 50 slipped by 9 points or 0.06 per cent to 14,901. Most sectoral indices at the National Stock Exchange were in the red except for Nifty IT which rose by 1 per cent. Nifty pharma dipped by 0.7 per cent, metal by 0.6 per cent and PSU bank by 0.5 per cent. Among stocks, HCL Technologies was up by 1.4 per cent to Rs 1,021.10 per share while Tech Mahindra rose by 1.3 per cent, Tata Consultancy Services by 1 per cent and Infosys by 0.8 per cent.

Credit: ANI    Duration: 01:42Published

Wipro Wipro Indian multinational IT services and consulting company

Equity indices end flat, Wipro gains 9% [Video]

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Credit: ANI    Duration: 01:11Published
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Equity benchmark indices traded in the positive terrain during early hours on Friday led by IT and auto stocks amid mixed Asian cues. At 10:15 am, the BSE S-P Sensex was up by 163 points or 0.33 per cent at 48,967 while the Nifty 50 edged higher by 78 points or 0.54 per cent to 14,660. All other sectoral indices at the National Stock Exchange were in the green zone with Nifty IT surging by 1.5 per cent, PSI bank by 1.1 per cent, auto by 1 per cent and metal by 0.8 per cent. Among stocks, IT software major Wipro moved up by 7.6 per cent to Rs 463.60 per share after reporting 28 per cent y-o-y jump in net profit at Rs 2,972 crore for the quarter ended March.

Credit: ANI    Duration: 01:11Published
Equity indices end higher led by pharma, financial stocks [Video]

Equity indices end higher led by pharma, financial stocks

Equity benchmark indices showed resilience amid resurgence in COVID-19 cases and closed half a per cent higher on April 15 led by pharma and financial scrips. Investors tracked the updates on the pace of vaccination and prediction of a normal monsoon season across the country to gauge the prospects of economic recovery. The BSE SandP Sensex closed 260 points or 0.53 per cent higher at 48,804 while the Nifty 50 edged higher by 77 points or 0.53 per cent to 14,581. Sectoral indices at the National Stock Exchange were mixed with Nifty pharma up by 1.4 per cent, metal by 1.3 per cent, financial service by 1.1 per cent and private bank by 0.8 per cent. But Nifty auto and PSU bank fell by 1.3 per cent each. Among stocks, IT software major Tata Consultancy Services was up by 3.9 per cent to Rs 3,227 per share while Wipro jumped by 3.5 per cent to Rs 433.70.

Credit: ANI    Duration: 01:17Published

Infosys Infosys Indian multinational technology company

Equity indices trade flat, Infosys drops 3.8 pc [Video]

Equity indices trade flat, Infosys drops 3.8 pc

Equity benchmark indices traded flat during early hours on April 15 amid an interplay of resurgence in COVID-19 cases and the pace of vaccination. Investors tracked updates on the vaccines approval and prediction of a normal monsoon season across the country despite mixed global cues. At 10:15 am, the BSE S and P Sensex was down by 204 points or 0.42 per cent at 48,340 while the Nifty 50 edged lower by 40 points or 0.28 per cent to 14,465. Nifty metal rose by 1.5 per cent and pharma by 1.1 per cent. But all other sectoral indices at the National Stock Exchange were in the red. Among stocks, IT software major Infosys dropped by 3.6 per cent to Rs 1,344.40 per share after reporting a 2.3 per cent sequential decline in consolidated profit at Rs 5,076 crore for the quarter ended March. Traders booked profit even as the company board approved a buyback of equity shares through open market route amounting to Rs 9,200 crore at a price not exceeding Rs 1,750 a share, Grasim lost by 3.2 per cent, Eicher Motors by 3.1 per cent, Mahindra and Mahindra by 2.8 per cent, Maruti Suzuki by 1.7 per cent and Bajaj Finance by 1 per cent. However, pharma major Cipla rose by 3.3 per cent to Rs 914.70 per share. The other prominent gainers were Sun Pharma, Dr Reddy's, Hindalco, Tata Steel, Wipro and Adani Ports. Meanwhile, Asian shares were on the backfoot following mixed cues from Wall Street where a sharp sell-off in the largest bitcoin exchange Coinbase hit tech shares.

Credit: ANI    Duration: 01:17Published

National Stock Exchange of India National Stock Exchange of India Stock exchange in Mumbai


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