2024-07-23 03:29:11
New Delhi: The record rise in the stock market continued for the fourth consecutive trading session on Thursday. The BSE Sensex jumped 627 points to close above 81,000 points for the first time. Along with this, the Nifty also reached a new peak of 24,800 points. Shares of Adani Power, Infosys and Aurobindo Pharma may rise on Friday, the last trading day of the week. The net profit of Infosys, the country’s second largest IT company, increased by 7.1 percent to Rs 6,368 crore in the first quarter (April-June) of the current financial year (2024-25), as against Rs 5,945 crore in the same quarter of the last financial year. Rating agency ICRA has upgraded the rating of Adani Ports and Special Economic Zone (APSEZ) from AA+/Stable to AAA/Stable. The company gave this information after the market closed on Thursday. In the previous session, the company’s stock closed at Rs 1,491.95, down 0.47% on the NSE. Meanwhile, the board of pharmaceutical company Aurobindo Pharma has approved a share buyback plan of up to Rs 750 crore. The company said in a regulatory filing that its board has approved the buyback of up to 51,36,986 shares representing up to 0.88 per cent of the total paid-up equity share capital. The company will buy back shares at Rs 1,460 per share for a total amount of up to Rs 750 crore.
Stock Market: Sensex crosses 81000 for the first time, know which stocks did wonders
Which stocks can have fluctuations
According to the momentum indicator MACD, on the last day of the week, Friday, the shares of Page Industries, OFSS, Apar Industries, LTIMindtree, Godfrey Phillips India, Sunteck Realty, Aadhar Housing Finance and Blue Star may see a rise. On the other hand, the shares of Maharashtra Scooters, V-Mart Retail, Fine Organic Industries, CE Info Systems, Mastek and HDFC AMC are expected to fall.
Earlier on Thursday, the record rise in the domestic stock market continued for the fourth consecutive trading session. The Sensex closed at a new high of 81,343.46 points with a gain of 626.91 points or 0.78%. The National Stock Exchange’s Nifty also recovered from the initial loss and closed at a new peak of 24,800.85, climbing 187.85 points or 0.76%. Among the Sensex stocks, TCS rose the most by 3.33%. Infosys stock strengthened by 1.93% ahead of the financial results. Other stocks that remained in profit include Bajaj Finserv, Mahindra & Mahindra, Tech Mahindra, Hindustan Unilever, State Bank of India and HCL Technologies. In contrast, Asian Paints, JSW Steel, NTPC and Adani Ports were major losers.
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