Top 5 stocks of the day: SBI Life Insurance, UltraTech Cement, Larsen and Toubro, HCL Technologies, and Cipla were among the top gainers on the Nifty, while Divis Labs, Reliance Industries, BPCL, Axis Bank, and Tata Motors were among the top losers.
Among the sectors, the oil and gas index decreased by 1%, the bank index decreased by 0.5%, while the capital goods and information technology indices both increased by 0.5%.
Sensex and NSE Nifty50
Nifty ended lower for the third straight day, after paring some of its intraday losses, on January 12. Nifty’s closing price was 17858.2, a decrease of 37.5 points or 0.21%. Even though the advance decrease ratio dropped to 0.74:1, the Smallcap index dropped less than the Nifty.
On cautious confidence that U.S. inflation statistics due this evening will indicate inflation is slowing, which will ease pressure on the US Fed to continue hiking rates sharply, world stocks clung onto moderate gains on Thursday.
Top 5 stocks of the day: Nifty may increase further
The intraday low of 17762 was briefly broken by Nifty, but it quickly rebounded. Even if selling pressure is increasing, the past two days have seen recoveries from intraday lows. Once it hits 17976, Nifty may increase further.
Top 5 stocks of the day: Yen jumps, dollar steady ahead of U.S. inflation data
The dollar maintained close to a seven-month low against the euro on Thursday ahead of U.S. inflation data later in the day, while the yen gained on expectations that the Bank of Japan will examine the implications of its monetary easing.
Following a Yomiuri report that the BOJ will assess the consequences of its monetary easing at next week’s policy meeting and may take extra steps to address distortions in the yield curve, the Japanese yen surged by as much as 0.8% to a session high of 131.36 per dollar in Asian trade. The last time the yen bought 131.70 dollars.
Infosys Q3 profit jumps 13% to Rs 6,586 cr
On January 12, Infosys announced a 13.4% increase in its consolidated net profit for the quarter ended in December 2022, coming in at Rs 6,586 crore. In the same quarter last year, the second-largest IT company in the nation declared a net profit of Rs 5,809 crore.
According to an exchange filing by Infosys, its consolidated income from operations climbed 20.2 percent to Rs 38,318 crore from Rs 31,867 crore in the same period last year.
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