Stock Market Today: With the GIFT Nifty down 82.50 points at 24,870, the BSE Sensex and NSE Nifty 50 domestic indices were off to a bad start today. The Indian benchmark index has had a mediocre start, based on Gift Nifty’s tendencies. Tuesday’s opening of the major Indian stock market indices, the Sensex and Nifty 50, is probably going to be down due to negative global market signals. Yesterday, the Nifty 50 reached a record high close to 25,000, but the domestic equity market ended flat.
Stock Market Today: Stocks in focus
HPCL
One of the biggest integrated PSUs in India, HPCL is involved in the refining of crude oil as well as the marketing of a range of petroleum products, including gasoline, diesel, kerosene, LPG, lubricants, asphalt, and branded goods like Power, Turbojet, Naphtha, and ATF (Aviation Turbine Fuel) across the country. The standalone net profit of state-owned fuel retailer HPCL decreased by 94.2% year over year (YoY) to Rs 355.80 crore.
Tata Consumer
An Indian fast-moving consumer products company, Tata Consumer Products Limited is a member of the Tata Group. Kolkata is home to its corporate headquarters and registered office. It is one of the biggest producers of coffee and the second-largest distributor and manufacturer of tea in the world. Focus will be on the stocks of IOC, Varun Beverages, GAIL, Macrotech, and Tata Consumer when they release their quarterly results today.
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