Stock Market Update: Buying is being seen in the domestic stock market today amid better global signals. In today’s trading, both Sensex and Nifty indices are seeing a rise. Sensex is seeing more than 250 points strength, while Nifty has crossed 16200.
On Nifty, the ATS index is seeing more than 1 percent strength. Bank and financial indices have gained more than half a per cent.
However, metal stocks are under pressure. IT, Pharma, FMCG and Realty indices are seen in the green. At present, the Sensex is up by 269 points and is trading at the level of 54448. Whereas Nifty is rising by 67 points at the level of 16200. 21 stocks of Sensex 30 are seen in green mark. Today’s top gainers include LT, M&M, NTPC, AXISBANK, ICICIBANK and INFY.
IT sector giant TCS is going to release its results for the June quarter today. The company’s revenue is expected to increase by 4-5 percent on a quarterly basis. The company had a revenue of Rs 50,591 crore during the March quarter, while the profit was Rs 9926 crore.
Vedanta has said that it will acquire debt-ridden Athena Chhattisgarh Power Limited for Rs 564.67 crore. The process of liquidation for the company was started in March last year.
Jaguar Land Rover has sold 78,825 units for the three-month period ended June 2022. This is 37 percent less than the previous quarter and flat growth on a quarterly basis. Despite a record order book of 2 lakh units, sales were hampered due to chip shortage globally.
Also Read – Stock Market Update Today: Today’s Top Gainers
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