Stock Market Update : Amidst better global signals, there is great buying in the domestic stock market today. Both Sensex and Nifty indices are looking strong in today’s trading. Sensex is up close to 450 points, then Nifty has reached near 16200. Today there is an all-round boom in business.
The IT index on Nifty is up more than 1 percent. Bank, financial and auto indices are also up by more than half a percent. Other indices including Realty, FMCG, Metal and Pharma are also seen in the green. At present, the Sensex is up by 453 points and it is trading at the level of 54214.
While Nifty is up 149 points at the level of 16198. Buying in heavyweight stocks. 27 shares of Sensex 30 are trading in green mark. Today’s top gainers include INFY, TECHM, SUNPHARMA, TATASTEEL, WIPRO, INDUSINDBK and LT.
Today some companies including Nelco are going to release their quarterly results. These include Bank of Maharashtra, Heidelberg Cement India, Bhansali Engineering Polymers, Alok Industries, Ganesh Housing Corporation, Onward Technologies, Sudal Industries, Tanfac Industries.
HDFC Bank’s profit in the June quarter of FY 2023 increased by 19 percent year-on-year to Rs 9196 crore. The provision for bad loans has come down. There was a growth of 14 percent in Net Interest Income and it was Rs 19481.4 crore. While loan growth was 22.5% and deposit growth was 19.2 percent.
Bharat Electronics’ profit grew 1401 percent year-on-year at Rs 366.33 crore in the June quarter. Revenue in Q1 grew by 90.5 per cent year-on-year to Rs 3,140.6 crore.
Also Read – Stock Market Update Today: Today’s Top Gainers
Keep watching our YouTube Channel ‘DNP INDIA’. Also, please subscribe and follow us on FACEBOOK, INSTAGRAM, and TWITTER.
