Sensex falls 199 points, Nifty below 22,050 amid global weakness, profit booking in IT stocks
Business | Jan 16, 2024, 03:59 PM ISTThe BSE Sensex was down 199.17 points at 73,128.77, while the Nifty fell by 65.15 points to 22,032.30.
The BSE Sensex was down 199.17 points at 73,128.77, while the Nifty fell by 65.15 points to 22,032.30.
Jio Financial Services' net profit during the nine-month period rose from Rs 32.25 crore to Rs 1,293.92 crore, while revenue increased from Rs 41.63 crore during the year ending March 2023 to Rs 1,435.78 crore in December 2023.
Stock markets: In the early trade, the 30-share BSE Sensex fell around 227 points to 73,101.01. Meanwhile, the Nifty also saw a decline of 68 points to begin on a quiet note.
The BSE Sensex rose by 1.05 per cent, reaching 73,327.94, while the Nifty was 202 points, or 0.93 per cent higher at 22,097.50. The market breadth reflected this movement, with 1787 shares advancing, 1609 shares declining, and 78 shares remaining unchanged.
Wipro's revenue from its IT business fell by 1 per cent and stood at Rs 22,151 crore, while its earnings before interest and tax margin for its IT business stood at 16 per cent.
Stock market indices achieved new milestones on Monday, with the BSE Sensex reaching a record high and the NSE Nifty surpassing the 22,000 mark for the first time.
The consolidated revenue for Wipro in the third quarter stood at Rs 22,205 crore, a 4.40 percent year-on-year (YoY) decline.
The Sensex rallied by 847.27 points to end the session at a record high of 72,568.45, while the Nifty rose by 247.35 points to an all-time high of 21,894.55.
The 30-share BSE Sensex climbed over 700 points to 72,431.14 Meanwhile, the Nifty also surged by 141.95 points to 21,789.15.
Maxposure has set the price band for the offering at Rs 31 to Rs 33 per share, with a face value of Rs 10 per share, with the book-built issue amounting to Rs 20.26 crore and comprising an entirely fresh issue of 61.4 lakh shares.
Stock markets update: In the early trade, the 30-share BSE Sensex climbed 341.76 points to 71,999.47. Meanwhile, the Nifty was also up by 107.8 points to 21,726.50 points.
The 30-share BSE Sensex dropped 81.35 points to 71,304.86 in early trade. Meanwhile, the Nifty fell by 27 points to 21,517.85.
The Sensex rose by 30.99 points, while the Nifty index climbed by 31.85 points on Tuesday.
Adani Ports is entering the bond market after the Supreme Court decision that the Adani Group is not required to undergo additional investigations beyond the market regulator’s current scrutiny.
In the early trade, the 30-share BSE Sensex jumped 493.4 points to 72,156.48. Meanwhile, the Nifty also gained 160.65 points to 21,673.65 points.
Stock markets update: In the early trade, the 30-share BSE Sensex jumped 155.62 points to 72,181.77. Meanwhile, the Nifty also gained 53.15 points to 21,763.95 points.
Stock market updates: In the early trade, the 30-share BSE Sensex jumped 308.91 points to 72,156.48. Meanwhile, the Nifty also gained 91 points to 21,749.60 points.
Stock markets: In the early trade, the 30-share BSE Sensex jumped 351.88 points to 71,708.48. Meanwhile, the Nifty also gained 99 points to 21,616.35 points.
Stock markets: In the early trade, the 30-share BSE Sensex declined 271.85 points to 71,620.63. Meanwhile, the Nifty also fell by 71.35 points to 21,594.45 points.
In the early trade, the 30-share BSE Sensex declined 202.76 points to 72,069.18. Meanwhile, the Nifty also fell by 42.9 points to 21,699 points.
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