FILE PHOTO: A man looks across the street at a screen displaying the Sensex on the façade of the Bombay Stock Exchange (BSE) building in Mumbai, India, June 29, 2015. Reuters/Danish Siddiqui
Sensex Today: BSE Sensex, NSE Nifty opened on a dull note on Friday morning.
Sensex Today: BSE Sensex, NSE smelly Friday morning opened on a dull note. A mixed trade in Asia along with a rise in crude oil prices may keep the stock markets under control today. The S&P BSE Sensex was down 104 points, or 0.17 per cent, at 59,854 in early trade. Meanwhile, the Nifty 50 was down 25 points at 17,832.
Shares of HCL Tech broke the benchmark by 1 per cent. It reported a net profit of Rs 4,096 crore for Q3FY23, a growth of 18.8 per cent year-on-year. However, the company brought down the high end of its revenue guidance for fiscal 2023.
Meanwhile, Infosys shares did little to lift the index as they were up just 0.3 per cent after their December quarter performance. The Bengaluru-based IT firm beat Street estimates on both net profit and revenue in Q3FY23. It raised its revenue guidance for 2022-23 (FY23) to 16-16.5 per cent.
Other buzzing stocks on Nifty 50 were Tata Steel, Hindalco, JSW Steel, Power Grid, IndusInd Bank and UPL in the uptrend, and RIL, HDFC, BPCL, Eicher Motors and L&T in the downside.
In the broader markets, Nifty Midcap fell 0.19 per cent, and Smallcap ended 0.06 per cent higher.
Investors will react to solid earnings from Infosys and HCL Technologies in early trade on Friday. Besides, lower than expected retail inflation data for the month of December will also support sentiment India and the U.S.
global signal
Asian shares rose on Friday as investors cheered a slowdown in US inflation, while the yen rose to a seven-month high and Japanese bond yields broke above the central bank’s target as markets braced for Tokyo’s easing of monetary policy. challenged the commitment of
Tokyo shares fell on Friday due to a stronger yen against the dollar, despite gains on Wall Street following data showing softening US inflation. The benchmark Nikkei 225 index was down 0.35 per cent, or 93.13 points, at 26,356.69, while the Topix index was down 0.10 per cent, or 2.00 points, at 1,906.18 in early trade.
US stocks closed higher on Thursday on hopes of a less aggressive interest rate hike from the Federal Reserve, fueled by data showing consumer prices fell in December.
Oil prices edged lower in early trade on Friday but gained more than 6 per cent for the week on strong signs of rising demand in China, crude’s top importer, and hopes of a less aggressive interest rate hike in the United States. Was on track with.
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