Page 47 - Latest Updates on Sensex
Bajaj Auto Q1FY23 results: Net profit up 11% YoY to Rs 1,173 cr, revenue 8%
Bajaj Auto Q1 review: Auto major Bajaj Auto clocked 8.3 per cent rise year-on-year (YoY) in total revenue from operations to Rs 8,004.97 crore in June quarter results (Q1FY23) on a standalone basis.
 "Bajaj Auto Q1FY23 results: Net profit up 11% YoY to Rs 1,173 cr, revenue 8%")
Sandur Manganese turns ex-date for rights issue; stock zooms 50% in 7 days
On April 10, 2022, the board had approved rights issue in the ratio of 2 rights equity shares for every 1 equity share as on record date at a price of Rs 10 per share.
 "Sandur Manganese turns ex-date for rights issue; stock zooms 50% in 7 days")
Chip crunch, high RM to dent Bajaj Auto's margins in Q1FY23, say analysts
Analysts, on average, expect the revenue to fall up to 7 per cent quarter-on-quarter (QoQ) to Rs 7,416 crore in Q1FY23.
Stocks to watch: Asian Paints, Bajaj Auto, Tata Steel, Axis Bank, Lupin
Stocks to watch today: Asian Paints, Bajaj Auto will report their June quarter results (Q1FY23) on Tuesday, July 26; Lupin received approval from USFDA to market medication for high blood pressure.
 "Stocks to watch: Asian Paints, Bajaj Auto, Tata Steel, Axis Bank, Lupin")
Infosys Q1FY23 results: Here's how brokerages have interpreted the numbers
Going ahead, brokerages believe that the margin headwinds like travel costs, wage inflation will continue to persist in Q2FY23 as well.
 "Infosys Q1FY23 results: Here's how brokerages have interpreted the numbers")
Markets snap 6-day winning streak over Fed anxiety; Sensex falls 306 pts
More than the Fed's hike, it is the commentary that would impact market sentiment
 "Markets snap 6-day winning streak over Fed anxiety; Sensex falls 306 pts")
Sensex falls 306 pts; Nifty holds 16,600; Zomato cracks 11%, RIL 3%
CLOSING BELL: Among sectors, the Nifty Auto fell 1.7 per cent, while the Nifty Metal added 1.5 per cent
 "Sensex falls 306 pts; Nifty holds 16,600; Zomato cracks 11%, RIL 3%")
Stocks to watch: Infosys, RIL, ICICI Bank, YES Bank, Glenmark, Tata Motors
Stocks to watch today: Axis Bank, Tata Steel will report their June quarter 2022 results (Q1FY23) on Monday, July 25; Infosys delivered net profit for Q1 below street expectations at Rs 5,360 crore.
 "Stocks to watch: Infosys, RIL, ICICI Bank, YES Bank, Glenmark, Tata Motors")
Markets gain for sixth consecutive day in longest streak since October
The rally in banking and finance stocks after some banks posted good quarterly results also helped sentiment
 "Markets gain for sixth consecutive day in longest streak since October")
Sensex, Nifty gain 4% this week; here's what drove the rebound
While analysts feel the fundamental backdrop has not drastically changed, a combination of domestic and global factors have lowered investors' apprehension.
 "Sensex, Nifty gain 4% this week; here's what drove the rebound")
Banks lift Sensex 390 pts, Nifty reclaims 16,700; Ultratech Cement up 5%
CLOSING BELL: Ultratech Cement, Grasim, UPL, HDFC, HDFC Bank, Eicher Motors, and ICICI Bank were the top gainers, ralling over 2 per cent each
 "Banks lift Sensex 390 pts, Nifty reclaims 16,700; Ultratech Cement up 5%")
Infosys net profit likely to surge up to 10% YoY in Q1FY23, say analysts
Infosys Q1 preview: Investors will closely monitor the management's commentary on clients' IT spending, demand environment amid macro stress, margin outlook, and growth guidance for FY23
 "Infosys net profit likely to surge up to 10% YoY in Q1FY23, say analysts")
Sensex rises 284 pts, Nifty tops 16,600; IndusInd jumps 8%, Bajaj Fin 3%
CLOSING BELL: Among sectors, the Nifty PSB index rose 1.56 per cent, while the Nifty Pharma slipped 0.4 per cent
Markets surge amid 'peak inflation' optimism, gain now 4% in 4 days
Sensex closes at highest level since June 6; Up 8% from CY22 lows
 "Markets surge amid 'peak inflation' optimism, gain now 4% in 4 days")
Sensex up 630 pts, Nifty atop 16,500; ONGC, RIL, Infy, TCS top contributors
CLOSING BELL: ONGC, Tech M, Reliance Industries, TCS, HCL Tech, SBI, and Infosys were the top gainers, up between 2 per cent and 3.7 per cent
 "Sensex up 630 pts, Nifty atop 16,500; ONGC, RIL, Infy, TCS top contributors")
Benchmark indices up for third straight day; Sensex rises 246 points
A recovery in the rupee also bolstered sentiment, traders said
 "Benchmark indices up for third straight day; Sensex rises 246 points")
RIL, banks lift Sensex 246 pts, Nifty tops 16,300; Rupee ends at 79.95/$
CLOSING BELL: The steady depreciation in the value of the rupee against the US dollar is likely to prove expensive for corporate India
 "RIL, banks lift Sensex 246 pts, Nifty tops 16,300; Rupee ends at 79.95/$")
Equity investors richer by over Rs 4.73 trn in two days of rally
The recent sell-off had made some stocks attractive, hence traders bought IT, metals and telecom stocks, says an analyst
Sensex zooms 760 pts, Nifty tops 16,250; IT index up 3%, HDFC Bank dips 1%
CLOSING BELL: The frontline indices climbed on the back of gains in Infosys, ICICI Bank, Kotak Bank, TCS, Axis Bank, L&T, SBI, and Reliance Industries
 "Sensex zooms 760 pts, Nifty tops 16,250; IT index up 3%, HDFC Bank dips 1%")
ITC stock puffed up over stable tax regime, steady volume recovery
Better capital allocation and valuation make it a preferred choice amid a volatile environment
 "ITC stock puffed up over stable tax regime, steady volume recovery")