Jul 18, 2023
Indian headline indices Nifty50 and S&P BSE Sensex hit yet another lifetime high on Tuesday — third time in a row. The bulls ruled riding on IT stocks. While the broader Nifty50 finished at 19,749, higher by 37.80 points or 0.19%, the 30-stock Sensex ended at 66,795, up by 205.21 points or 0.31%. Banking gauge Nifty Bank settled at 45,410.85 — down by 39 points or 0.09% over previous closing
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Shares of Infosys were the top gainers in the Nifty50 index on Tuesday and ended at 1,476, up by Rs 53 or 3.73% from Monday’s closing price. The stock has been in a rally, amid buying action in IT stocks. The company is to announce its June quarter earnings on Thursday
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LTIMindtree shares fell over 3% intraday before closing with declines of 2.6% on the NSE at Rs 5,000. The stock was the top loser in the Nifty50 pack after the company reported lower than estimated June quarter results on Monday
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Shares fell over 6% to close at Rs 640.95. Stock fell following a likely block deal, which saw 14% equity change hands, according to reports. The block deal triggered a strong selling action in the stock
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Shares of Angel One declined over 8% on Tuesday, maintaining its losing spree for three consecutive sessions. It has been on a declining path since NSE barred the stockbroker from onboarding new authorised persons (APs) for six months while slapping a penalty of over Rs 1.66 crore. The stock finished the day at Rs 1,460
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Shares of Polycab India ended with near 6% gains following Q1 earnings it posted on Tuesday. The company reported a 79% YoY jump in consolidated net profit. Stock settled at Rs 4,146.30 on the NSE.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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