Earlier on Monday, due to weak signals, there was a huge fall in Sensex and Nifty. Market sentiment has deteriorated due to sluggish recovery in the economy and Kovid 19. On the other hand, the fall in 10-year bond yields has signaled that economic growth is weaker than expected.
Weak opening forecast in the domestic market
Today there may be a decline in the domestic stock market. Global market sentiments are looking weak. There was a big fall in the stock market in Monday’s trading. The Sensex closed at 52,553 levels down by 587 points. At the same time, the Nifty also weakened by 171 points and closed at the level of 15752.
About 1.5 lakh crore rupees drowned by investors
About 1.5 lakh crore rupees of investors were drowned in the business. The biggest fall is in bank and financial stocks. There was some buying in pharma and realty stocks. HDFC Bank, IndusInd Bank, Axis Bank, HDFC, MARUTI and Bajaj Finance were the top losers today, while NTPC, Nestle India, DR REDDY, SUNPHARMA and ITC were up.
HCL’s profit rises to 3210 crores
IT sector giant HCL Tech’s profit in the June quarter has increased to Rs 3210 crore. At the same time, the company’s income has been Rs 20,070 crore during this period. The company’s dollar income was $272 million. While the EBIT is Rs 3931 crore and the conso EBIT margin is 19.59 percent. Dollar revenue growth stood at 0.9 per cent, while constant currency revenue growth stood at 0.7 per cent. The company’s board has also approved a dividend of Rs.6 per share.
Selling in Asian Markets
Selling is being seen in major Asian markets in today’s business. SGX Nifty is down 0.16 percent and Nikkei 225 is down 0.61 percent. The Strait Times is seeing a 1.30 percent weakness, while the Hang Seng is down 0.13 percent. There is a decline of 0.85 percent in Taiwan Weighted, while 0.37 percent weakness is being seen in Kospi. The Shanghai Composite also declined 0.47 per cent.
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