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
CLOSING BELL: Among sectors, the Nifty PSB index rose 1.56 per cent, while the Nifty Pharma slipped 0.4 per cent
Stock market live updates: At 7:25 AM, the SGX Nifty Futures quoted at 16,512 levels, indicating a gap-up of 172 odd-points.
A recovery in the rupee also bolstered sentiment, traders said
CLOSING BELL: The steady depreciation in the value of the rupee against the US dollar is likely to prove expensive for corporate India
Payouts can be affected by vacancy and tenants defaulting on payments
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
Fin Nifty ADTV is still a fraction of the flagship Nifty and Bank Nifty indices, which have clocked an ADTV of Rs 40,000 crore this year
Shares of gold finance firms, such as Muthoot Finance and Manappuram Finance, may come under pressure because of the softness in the price of yellow metal
Tata Steel, Power Grid, HCL Technologies, Wipro, Dr Reddy's and Axis Bank were the laggards
CLOSING BELL: Tata Consumer Products, Titan, Eicher Motors, HUL, Tata Motors, Maruti, M&M, Nestle India, HDFC, L&T, and BPCL topped the charts
Stocks to watch today: L&T Technology Services and Jindal Steel and Power will share June quarter 2022 (Q1FY23) results on Friday, July 15.
The 30-share BSE benchmark settled 98 points or 0.18 per cent lower at 53,416.15. During the day, it hit a high of 53,861.28 and a low of 53,163.77
Analysts expect 2Ws to reflect strong volumes in Q2FY23 amid strong pent-up demand, and improved mobility in June quarter 2022 (Q1FY23)
CLOSING BELL: Axis Bank, HCL Tech, SBI, Tech M, TCS, Wipro, Infosys, and Ultratech Cement were the top large-cap laggards
Stocks to watch today: Tata Elxsi, L&T Infotech will report their June quarter results 2022 on Thursday July 14; Mindtree posted 37.3 per cent rise in net profit to Rs 471.6 crore for Q1FY23.
'Foreign institutional investment (FII) is expected to reverse when these macro headwinds stabilise for a few months'
The 30-share BSE Sensex declined by 372.46 points or 0.69 per cent to close at 53,514.15, extending its falling streak to a third day
The BSE Sensex fell 372 points at close to 53,514. The index had previously risen 325 points to the day's high.
Stocks to watch today: Mindtree, Tata Metaliks will report their June quarter 2022 (Q1FY23) results on Wednesday, July 13; NMDC will be removed from the Nifty CPSE index post hive off of NMDC Steel.