Stock Market Updates: Sensex Up 100 pts, Nifty Above 17,650; HCL Tech Rises 3%

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Stock Market Updates: Sensex Up 100 pts, Nifty Above 17,650; HCL Tech Rises 3%


Last Updated: April 21, 2023, 09:34 IST

Sensex in the present day: Indian indices opened flat with constructive bias on April 21 amid weak world cues.

In early offers, the S&P BSE Sensex rose over 100 factors to cite at 59,750, whereas the Nifty50 examined 17,650.

In the broader market, the BSE MidCap dipped marginally, whereas the SmallCap index added 0.14 per cent.

HCL Technologies shares climbed over 2 per cent because the IT firm reported higher than anticipated outcomes for Q4FY23. The firm posted a internet revenue of Rs 3,983 crore for the quarter. This was up 10.8 per cent year-on-year (YoY).

Cyient surged 7 per cent because it posted a internet revenue of Rs 163 crore in Q4FY23, up 5.5 per cent YoY. The internet revenue was up 4.5 per cent sequentially. The income from operations in This autumn climbed 30 per cent YoY to Rs 1,751.4 crore.

Vodafone Idea shares additionally surged over 5 per cent as , after a hiatus of almost 2 years from the corporate, (*100*) Birla Group (ABG) chairman Kumar Mangalam Birla has been inducted again as a non-independent and non-executive further director, topic to shareholder approval.

Global Cues

Asian shares slid towards their worst week in a month-and-a-half on Friday and oil nursed losses, whereas bonds loved their finest bid in weeks as U.S. information and earnings confirmed indicators of weak point. Overnight figures confirmed extra Americans submitting claims for jobless advantages and manufacturing exercise within the mid-Atlantic area slumping to its lowest degree in almost three years.

Tokyo shares opened decrease on Friday, monitoring falls on Wall Street, the place auto sector woes pressured the market.The benchmark Nikkei 225 index was down 0.24 p.c, or 68.01 factors, at 28,589.56 in early commerce, whereas the broader Topix index misplaced 0.35 p.c, or 7.11 factors, to 2,032.62.

Major US inventory indexes ended decrease on Thursday after disappointing quarterly stories from firms together with Tesla and AT&T, whereas buyers sought readability on the trail of rates of interest.

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