Sensex Today: Domestic equity markets started with gains on Monday
Sensex Today: Domestic equity markets started on a positive note on Monday led by HDFC Bank, Bajaj twins, IndusInd Bank, SBI, HDFC and HCL Tech.
Sensex Today: Domestic equity markets opened higher on Monday led by HDFC Bank, Bajaj twins, IndusInd Bank, SBI, HDFC and HCL Tech. The S&P BSE Sensex rose 295 points, or 0.49 per cent, to 60,556 in early deals. Meanwhile, the Nifty 50 closed above the 18,000-mark at 18,030, up 74 points or 0.4 per cent.
HDFC Bank shares rose 1 per cent in early deals after the lender reported an 18.5 per cent rise in its standalone net profit for Q3FY23 at Rs 12,259.5 crore. NII registered a year-on-year growth of 24.6 per cent to Rs 22,987 crore.
Meanwhile, those of Wipro were up 0.6 per cent as the IT firm reported a consolidated net profit of Rs 3,052 crore for October-December FY23, a year-on-year (YoY) growth of 2.8 per cent. Consolidated revenue increased by 14.35 percent to Rs 23,229 crore.
global signal
Asian shares started cautiously on Monday as investors nervously waited to see whether the Bank of Japan (BOJ) would defend its super-sized stimulus policy at a key meeting this week, while thinly traded for There is a holiday in the US markets.
Tokyo shares opened lower on Monday as the yen strengthened against the dollar following rallies on Wall Street, where investors speculated the Fed could slow its rate hikes. The benchmark Nikkei 225 index was down 1.14 per cent, or 297.98 points, at 25,821.54, while the Topix index was down 0.62 per cent, or 11.89 points, at 1,891.19 in early trade.
The S&P 500 and Nasdaq ended Friday at their highest in a month, as shares of JPMorgan Chase and other banks rose after their quarterly results, which kicked off earnings season.
Oil prices fell in early Asian trade on Monday but remained near their highest levels since the start of the year on optimism that China’s reopening will boost fuel demand in the world’s top crude importer. Brent crude fell 36 cents, or 0.4%, to $84.92 a barrel by 0116 GMT, while US West Texas Intermediate crude was at $79.65 a barrel, down 21 cents, or 0.3%, amid thin trade during a US public holiday.
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