Last Update: April 21, 2023, 09:35 AM IST
Sensex today: Indian indices opened flat on April 21 with a positive bias amid weak global cues. In early deals, the S&P BSE Sensex closed 100 points higher at 59,750, while the Nifty 50 tested 17,650.
In the broader market, the BSE Midcap ended marginally lower, while the Smallcap index gained 0.14 per cent.
HCL Technologies shares climbed over 2 per cent as the IT company reported better than expected results for Q4FY23. The company posted a net profit of Rs 3,983 crore for the quarter. It had grown by 10.8 per cent year-on-year (YoY).
Cyient rose 7 per cent as it posted a net profit of Rs 163 crore in Q4FY23, up 5.5 per cent YoY. Net profit was up 4.5 percent sequentially. Revenue from operations grew 30 per cent to Rs 1,751.4 crore in Q4.
Vodafone Idea shares also gained over 5 per cent as Aditya Birla Group (ABG) Chairman Kumar Mangalam Birla was appointed as a non-independent and non-executive additional director, after a gap of nearly 2 years from the company. is included back, subject to this condition. shareholder approval.
Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said: “Q4 results have been mixed so far, IT has been disappointing and banking has shown early signs of continued strength. Broadly speaking, the trend continues IT likely to hold. But sharp correction post Infosys results may lead to occasional pull back in IT. HCL Tech results did not disappoint; some IT midcaps may beat market expectations. Still, weak A strong and sustainable comeback in IT is difficult given the global cues. RIL and ICICI Bank results tomorrow may have a mild impact on the market. RIL is likely to post good numbers in its Oil & Chemicals segment and Retail segment. But a sharp jump in overall profitability is unlikely. On the other hand, ICICI Bank numbers are likely to beat market expectations, which will further strengthen Bank Nifty. smelly It is likely to consolidate in the range of 17600-17800 in the near term.”
global signal
Asian shares slid on Friday to their worst week in a month and a half and oil edged lower, while bonds enjoyed their best bids in weeks as US data and earnings showed signs of weakness. Overnight data showed more Americans filed claims for unemployment benefits and manufacturing activity in the Mid-Atlantic region hit its lowest level in nearly three years.
Tokyo stocks opened lower on Friday, tracking falls on Wall Street, where auto sector woes weighed on the market. The benchmark Nikkei 225 index fell 0.24 percent, or 68.01 points, to 28,589.56 in early trade, while the broader Topix index shed 0.35 percent. or 7.11 points, to 2,032.62.
Major US stock indexes ended lower on Thursday after disappointing quarterly reports from companies including Tesla and AT&T, while investors sought clarity on the path of interest rates.
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