Share Market Highlights: Sensex ends 600 pts, higher, Nifty above 16500; Reliance, Infosys, TCS lead gains

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Indian equity markets ended higher for fourth consecutive day amid positive global market sentiments. The S&P BSE Sensex closed at 55,397, up 630 points or 1.15%, while the Nifty50 index ended at 16,521, up 180 points or 1.1%.

Share Market Highlights: Sensex ends 600 pts, higher, Nifty above 16500; Reliance, Infosys, TCS lead gains
Globally cues were positive as US stocks ended sharply higher on Tuesday and Asian markets were mostly positive in morning deals

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Indian equity markets ended higher for fourth consecutive day amid positive global market sentiments. The S&P BSE Sensex closed at 55,397, up 630 points or 1.15%, while the Nifty50 index reclaimed the 16,500-mark to end at 16,521, up 180 points or 1.1%. Sectorally, the Nifty IT index climbed 3%, followed by the Nifty FMCG (up over 1%). On the negative side, the Nifty Realty index fell 0.29%. The broader market, however, underperformed the frontline indices today as they added up to 0.42% ONGC, Tech M, Reliance Industries, TCS, HCL Tech, SBI, and Infosys were the top gainers, up between 2% and 3.7%. HDFC Life, M&M, Eicher Motors, and Sun Pharma, on the other hand, were the losers, down up to 2%.

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Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market News Live Updates 20 July Wednesday

15:43 (IST) 20 Jul 2022
Nifty, Sensex end higher for 4th straight day

Indian equity markets ended higher for fourth consecutive day amid positive global market sentiments. The S&P BSE Sensex closed at 55,397, up 630 points or 1.15%, while the Nifty50 index reclaimed the 16,500-mark to end at 16,521, up 180 points or 1.1%.

15:19 (IST) 20 Jul 2022
Decline in windfall tax would mean better and more sustainable margins

“The move is definitely positive for companies like RIL, ONGC and Oil India as the decline in windfall tax would mean better and more sustainable margins. These companies were clear beneficiaries of high oil prices, but the recent correction in oil prices coupled with one of the highest windfall taxes globally could have dented profitability. We believe the timing of the government to announce it just three weeks after imposing the windfall tax clearly showcases the path ahead if oil prices remain stable. Moreover, this move would also help get back investor confidence in these stocks. The announcement impacts markets on positive note,” said Rohit Khatri, AVP-Fundamental Research, Religare Broking Ltd.

15:11 (IST) 20 Jul 2022
India VIX

Volatility gauge was down in red as Sensex, Nifty rose. India VIX was below 17 levels.

14:43 (IST) 20 Jul 2022
Rupee to trade with a negative bias

“Indian rupee traded on a flat note today. Rupee opened in the green on weak Dollar and surge in domestic equity markets. However, concerns over twin deficits capped sharp gains. Dollar fell on decline in safe haven appeal amid positive global risk sentiments and weak housing data from US. US housing starts declined by 2% to 1.559 million in June from 1.591 million in May. We expect Rupee to trade with a negative bias as rising current account deficit and trade deficit may put pressure on Rupee. Dollar may also strengthen again on expectations of an aggressive rate hike by Fed later this month. Traders may also take cues from existing home sales data from US later today which is expected to remain weak. USDINR spot price is expected to trade in a range of Rs 79.20 to Rs 80.80 in next couple of sessions.”

~Anuj Choudhary – Research Analyst at Sharekhan by BNP Paribas

14:29 (IST) 20 Jul 2022
FPIs, mutual funds increase marginally stake in Paytm in Apr-June quarter

Foreign portfolio investors and mutual funds have marginally increased stake in Paytm's parent company One97 Communications, according to a regulatory filing. The shareholding pattern of One97 Communications for June quarter 2022-23 shows that the number of shareholders as foreign portfolio investors (FPIs) rose from 54 to 83, taking the number of shares held by them to 3,53,72,428 from 2,86,80,948 in the previous March quarter.

14:04 (IST) 20 Jul 2022
Sensex up 700 points, Nifty holding above 16500

Sensex is up 779.90 points or 1.42% at 55547.52, and the Nifty jumped 221.80 points or 1.36% at 16562.30.

13:41 (IST) 20 Jul 2022
Gradually increase allocation to equity; Banks, Auto, Capital Goods stocks among top bets

“The Indian markets have opened higher on positive global cues, with overnight US markets up more than 2% on the back of strong corporate earnings. Weakness in the dollar index is also helping generate a risk-on environment. Domestically, the move by the Indian government to reduce tax on windfall gains for Oil and Gas companies is helping heavyweights like RIL and ONGC to outperform. We believe that there is a definite reduction in market volatility in the last couple of weeks, but one needs to be wary of risk emanating from Europe, especially with issues relating to the resumption of gas supplies to Europe from Russia and the corresponding effect on growth rates if the gas supply is not restored. We advise investors to gradually increase allocation to equity, especially since FII selling pressure has significantly ebbed in recent times. Some sectors we like are Banks, Auto, and Capital Goods.”

~Naveen Kulkarni, Chief Investment Officer, Axis Securities

13:24 (IST) 20 Jul 2022
Nifty, Sensex firmly in green

Sensex is up 830.56 points or 1.52% at 55,598.18, and the Nifty jumped 236.20 points or 1.45% at 16,576.70.

13:08 (IST) 20 Jul 2022
Nifty, Sensex rise 1% on windfall tax cut, FPI buying, easing commodity prices; ‘Use dips to buy value stocks’

Indian equity markets surged over 1.2 per cent on Wednesday, led by gains in oil and gas firms including Reliance Industries, ONGC after the government slashed the newly-introduced windfall tax on petrol, diesel, aviation fuel, and crude oil following the easing of global oil prices after a sharp spike earlier. Benchmark BSE Sensex rose 1.3 per cent to 55,554 points while Nifty gained 1.4 percent to 16,568. The Centre has scrapped a Rs 6 per litre tax on the export of petrol completely and reduced the same on aviation turbine fuel (ATF) to Rs 4 from Rs 6 per litre. The tax on diesel has been reduced to Rs 11 from Rs 13 per litre. Tax on domestically-produced crude has been cut by 27 per cent to Rs 17,000 per tonne.

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12:32 (IST) 20 Jul 2022
BSE 500: Top losers

Hindustan Zinc has slipped over 6 per cent each and was the major loser among the BSE 500 stocks so far. It was followed by Tube Investments, ICICI Lombard, Phoenix Mills and Minda Corp.

12:22 (IST) 20 Jul 2022
SBI surpasses LIC to become most valued PSU stock

SBI shares have gained 17% in one month. The public sector lender has become the most valuable listed public sector undertaking (PSU) as the state-owned lender has surpassed insurance giant–Life Insurance Corporation of India's (LIC) market capitalisation (market-cap).

12:20 (IST) 20 Jul 2022
Sensex near day’s high

S&P BSE Sensex is hovering near the highs of the day, up over 750 points.

12:04 (IST) 20 Jul 2022
BSE 500: Top gainers

Laxmi Organic has zoomed over 10.5 per cent and was the top gainer among the BSE 500 stocks so far. AAVAS Financiers, Oil India, Piramal Enterprises and KPIT Technologies were few of the other major gainers

12:02 (IST) 20 Jul 2022
Nifty, Sensex trading firmly in green

Sensex is up 639.94 points or 1.17% at 55407.56, and the Nifty jumped 187 points or 1.14% at 16527.50.

11:54 (IST) 20 Jul 2022
Paytm share price may rally 90%; Dolat Capital says path to profitability getting clearer, check target price

Paytm share price has been an underperformer since listing on the stock exchanges last year. Among other factors, investors have voiced concern about the company’s lack of profitability. However, the wind seems to be turning now as Dolat Capital says the path to profitability has been clearer for Paytm. “We largely subscribe to the management confidence on achieving Adjusted EBIDTA breakeven by H1FY24. Our confidence is stemming from multiple aspects in the business that indicate that would add to profit pools in the near future,” the brokerage firm said in a report. Analysts have pinned a target price of Rs 1400 per share on Paytm (One 97 Communications), implying a 90% upside from today’s levels. 

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11:48 (IST) 20 Jul 2022
IT valuations attractive; investors must exercise caution

“The sharp 8% pullback in Nifty from the June lows of 15,183 is all set to continue aided by a flood of good news. First, the US markets have rebounded sharply driven by impressive corporate earnings. Second, FPI selling appears to have bottomed out. FPIs have bought 5 days this month. The dollar index declining to 106.6 from above 108 is likely to persuade FPIs to buy rather than sell. Third, the relief announced by the government for the petroleum sector through reduction in windfall tax and cuts in duties on exports will be a major boost for the sector, particularly for RIL. However, investors have to exercise some caution because selling may reemerge at higher levels. Results from the leading financials are likely to be good and the ongoing rally may continue. After the recent correction IT valuations are attractive. If the US succeeds in avoiding a recession, IT will bounce back smartly.”

~V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

11:45 (IST) 20 Jul 2022
Vedanta share price jumps on hefty dividend announcement

Shares of Vedanta rose sharply after the company announced a hefty second interim dividend on July 19 and as investors were relieved that the government slashed the special additional excise duty imposed on crude oil production. The company announced an Rs 19.5 per share second interim dividend that will result in a dividend payout of Rs 7,250 crore. The interim dividend comes of the back of an earlier dividend announced by the company that has taken its total dividend payout for 2022-23 so far to close to Rs 19,000 crore.

11:43 (IST) 20 Jul 2022
Indices extend gains, led by RIL, Tech Mahindra

Benchmark indices were trading higher aided by RIL, IT and Banking stocks. Sensex is trading higher by 742.21 points or 1.36 per cent at 55,512.1, while Nifty is up 216.45 points or 1.32 per cent at 16,556.95.

11:42 (IST) 20 Jul 2022
UK inflation hits fresh 40-year high

UK inflation hit fresh 40-year high in the previous month. June CPI in the UK was at 9.4 per cent. 

11:40 (IST) 20 Jul 2022
Nifty Bank index up 1%

Nifty Bank index surges 390 points or 1.09% to 36,108

11:39 (IST) 20 Jul 2022
IT stocks gain

Nifty IT index surged 2.16 per cent today led by Tier II IT names Mphasis and L&T Technology Services with each of them gaining more than 3 per cent

11:38 (IST) 20 Jul 2022
Stocks that hit 52-week high, low on BSE

A-1 Acid, Adani Enterprises, AIA Engineering, Astec Lifesciences, Adani Total Gas, Bajaj Auto, Blue Dart Express, Bhagiradha Chemicals & Industries, Cummins India, Delhivery, Eicher Motors, Ethos, Federal Bank, ICICI Prudential Nifty Auto ETF, ITC, Mahindra & Mahindra, Meghmani Finechem, Orient Bell, Rajratan Global Wire, Shanti Educational Initiatives, Steelcast, Tube Investments of India, Timken Indian, Varun Beverages were among the scrips that touched 52-week highs on BSE intraday. Meanehile, AA Plus Tradelink, Aditya Consumer Marketing, Bhatia Colour Chem, Gemstone Investments, Prime Urban Development India, Sarthak Industries, STEL Holdings, Vikas Proppant & Granite were the scips that hit fresh lows.

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10:42 (IST) 20 Jul 2022
RIL, ONGC, Oil India, Chennai Petroleum share prices soar 11% as government cuts windfall tax on fuel exports

Reliance Industries, ONGC, Oil India, Chennai Petroleum Corporation, and other oil refining companies share prices rallied up to 11 per cent on Wednesday, after the government slashed windfall tax on domestic crude oil production by 27 per cent to Rs 17,000/tonne. RIL share price jumped 4.3 per cent to Rs 2545.05 apiece, ONGC added 5 per cent to Rs 136.40 apiece, Indian Oil Corporation gained 1.6 per cent to Rs 73.15 apiece, and Chennai Petroleum Corporation rallied  11.4 per cent to Rs 296.40 apiece. Morgan Stanley, in its report said, while windfall taxes are not yet zero, the government action provides clarity on the path ahead. “RIL, ONGC and OIL are key beneficiaries,” it said.

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10:33 (IST) 20 Jul 2022
Highest call open interest at 16600

“Nifty weekly contract has highest open interest at 16600 for Calls and 16300 for Puts while monthly contracts have highest open interest at 16700 for Calls and 16300 for Puts. The highest new OI addition was seen at 16600 for Calls and 16200 for Puts in weekly and at 17000 for Calls and 16000 for Puts in monthly contracts. FIIs increased their future index long position holdings by 16.94%, increased future index shorts by 0.88% and index options by 8.38% in Call longs, 11.12% in Call short, 7.61% in Put longs and 19.30% in Put shorts,” said Anand James – Chief Market Strategist at Geojit Financial Services.

10:18 (IST) 20 Jul 2022
Metal stocks gain

The metal index added 2 per cent, led by Vedanta, NALCO, SAIL and Jindal Steel & Power

10:16 (IST) 20 Jul 2022
L&T Infotech, IDFC First Bank stocks ready to rally, shows derivatives data; check target prices

Domestic stock markets have been inching higher in recent days as bulls assert control on Dalal Street. However, indices still face multiple headwinds and analysts are not ruling out profit booking at higher levels. Meanwhile, stock-specific action continues on Dalal Street. Amid this, ICICI Direct’s stock filtration model is flashing a ‘buy’ sign for Larsen & Toubro Infotech along with IDFC First Bank. Analysts have tracked derivatives data for the stocks and their historic volatility which leads them to believe that these two stocks could rally in the next three months.

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10:10 (IST) 20 Jul 2022
Nifty, Sensex extend gains

Benchmark indices extend gains. Sensex is up 639.94 points or 1.17% at 55407.56, and the Nifty jumped 187 points or 1.14% at 16527.50.

10:08 (IST) 20 Jul 2022
Shares of oil & gas companies surge up to 11% after govt slashes windfall tax on domestic crude production

Shares of oil & gas companies surged up to 11% on the BSE in intra-day trade after the government slashed windfall tax on domestic crude oil production from Rs 23,250/tonne to Rs 17,000/tonne. The govt also reduced additional excise duty on exports of diesel and ATF by Rs 2/litre and additional excise duty on petrol has also been removed. Among the individual stocks, Chennai Petroleum Corporation (CPCL) rallied 11% to Rs 296.40, Oil India gained 8% to Rs 201.80, followed by Oil and Natural Gas Corporation (ONGC) up 7% at Rs 136.40. Mangalore Refinery & Petrochemicals (MRPL) was locked in the 5% upper circuit at Rs 76.30, Gail (India) rose 5% to Rs 147.30 and Reliance Industries gained 4% to Rs 2,545 on the BSE in early trade.

10:05 (IST) 20 Jul 2022
HUL share price jumps 1.5% after Q1 net profit rises 11%, revenue up 19%; should you buy, hold or sell?

Hindustan Unilever (HUL) share price jumped 1% on Wednesday after the company reported an 11.06 per cent on-year jump in net profit at Rs 2,289 crore compared with Rs 2,061 crore in the same quarter last year. Company’s revenues from operations jumped 19.48 per cent on-year to Rs 14,016 crore. HUL shares were quoting at Rs 2,606, up 1.4% on NSE. So far this year, the stock has outperformed benchmark Nifty, rising around 10%. Most brokerages remain bullish on stock, seeing up to 18% potential rally going forward on the back of rising urban and out-of-home consumption.

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09:51 (IST) 20 Jul 2022
Rupee opens flat

Rupee opened flat at 79.93 per US dollar against July 19 close of 79.94 per US dollar.

09:41 (IST) 20 Jul 2022
ONGC share price rises 6%

ONGC jumps 6 per cent each as government eases windfall tax on fuel shipments and crude output, kills gasoline export levy.

09:26 (IST) 20 Jul 2022
All NSE sectoral indices in green

All sectoral indices are trading in the green with IT, metals and oil & gas indices adding over a per cent each.

09:25 (IST) 20 Jul 2022
Top Sensex gainers, losers

Reliance, IndusInd Bank, Tech M, Tata Steel, Infosys and Titan led gains on the Sensex, rising up to 2.7 per cent. While HUL was the sole index loser, down 0.6 per cent. 

09:25 (IST) 20 Jul 2022
RIL share price up 3%

Reliance Industries share price rose 3% to hit an intraday high of Rs 2,545 on BSE. The jump comes after the government eliminated a levy on gasoline exports, and cut windfall taxes on other fuels less than three weeks after they were imposed. The Centre reduced the windfall tax on diesel and aviation fuel shipments by Rs 2 per litre and scrapped completely a Rs 6 per litre levy on gasoline exports. It also cut the tax on domestically produced crude by about 27% to Rs 17,000 a tonne.

09:20 (IST) 20 Jul 2022
Markets open higher amid positive global cues

Benchmark indices moved higher on open amid strong global cues. BSE Sensex surged 600 points, while NSE Nifty50 rose over 1% to reclaim 16500. Reliance Industries share price rose 3% on windfall tax cut.

09:05 (IST) 20 Jul 2022
Markets higher in pre-open

Senex surges over 600 points to 55,391

Nifty 50 reclaims 16,500

08:54 (IST) 20 Jul 2022
Buy HDFC Bank, Divis Lab, Tech Mahindra others, charts show near-term gains; Nifty forms long bullish candle

Bulls continued positive momentum for the third day in a row, the NSE Nifty 50 ended 62 points higher while the BSE Sensex settled 246 points up. Among sectors, strong buying was seen in reality and banking stocks. Amid sectoral indices, reality was the top gainer rallying nearly 2.5 per cent. Technically, the Nifty/Sensex not only cleared the short-term resistance of 16300/54500 but they also succeeded to close above the same which is broadly positive. Read full story

08:53 (IST) 20 Jul 2022
Nifty support at 16200, resistance at 16500

“Benchmark indices are expected to open on a positive note as suggested by early trends on SGX Nifty with a 177-point gain. Some stock specific actions can be seen in Lupin(subsidiary has launched its first Reference Laboratory in Ranchi that is equipped to conduct a broad spectrum of routine and specialized tests), HDFC Life (reported a rise of 21.98% in its net profit at Rs 328.79 crore for Q1FY23), NTPC and Indian Oil (signed an agreement for the formation of a joint venture company for meeting the power requirements of upcoming projects of Indian Oil refineries). On the technical front, key support and resistance for Nifty 50 are 16,200 and 16,500 respectively while key support and resistance for Bank Nifty are 36,000 and 35,400 respectively.”

~Mohit Nigam, Head – PMS, Hem Securities

08:50 (IST) 20 Jul 2022
Fading FII selling, lower-than-expected US rate hikes, cooling dollar could spark more interest in Nifty

“Markets are expected to log strong gains in early Wednesday trades in sync with strong buoyancy in world equity indices. Short covering and value buying is likely to be the theme as fading FII selling in local equities, hopes of lower-than-expected US rate hikes, and a cooling US dollar could spark more interest in benchmark Nifty. Further, US gas prices fell to the lowest levels in nearly two months amid the ongoing pullback in crude prices, providing some breathing space to the market. On the technical front, immediate upside targets on Nifty are at 16501 mark and then at 17000 mark.”

~Prashanth Tapse, Vice President (Research), Mehta Equities

08:49 (IST) 20 Jul 2022
Identify apt themes to find better trading opportunities

“There have been contributions across the board, wherein the significant benefactors that boosted the bullish sentiments were from the Banking and Auto space. Also, the broader end of the spectrum did extremely well, which we believe should continue in the coming session as well. Ideally, we expect the index to consolidate a bit now, and hence, the pragmatic approach would be to identify apt themes in order to find better trading opportunities.”

~Osho Krishan, Sr. Analyst – Technical & Derivative Research, Angel One

08:48 (IST) 20 Jul 2022
Nifty support, resistance levels to watch out for

“On the level front, the 16200 level is expected to provide a cushion to any minor decline from the ongoing up move, while the unfilled gap of 16067-16142 is likely to provide a strong demand zone for the index. On the contrary, the 16380-16430 zone is expected to act as immediate resistance, above which the next leg of the rally gets unfolded.”

~Osho Krishan, Sr. Analyst – Technical & Derivative Research, Angel One

08:45 (IST) 20 Jul 2022
Nifty Short term uptrend status remains intact

“The short term uptrend status of Nifty remains intact. But, the lack of strength in the upside momentum could bring bears into action from the higher levels. A decisive move above 16300 levels is likely pull Nifty towards another hurdle of 16500-16600 levels in the near term. Immediate support is placed at 16200 levels.”

~Nagaraj Shetti, Technical Research Analyst, HDFC Securities

08:43 (IST) 20 Jul 2022
Nifty technical view

“A long bull candle was formed on the daily chart, that has placed beside the similar long bull candle of Monday. Technically, this pattern signal a range bound action or consolidation movement at the hurdle. The crucial overhead resistance like 16250-16300 levels have been surpassed gradually. Technically, such choppy movement/range bound action during upside breakout of important resistance is not a good sign for bulls to sustain the highs. The larger degree of lower tops and bottoms is intact as per weekly chart. Present upmove could be in line with the formation of new lower top of the sequence. But, still there is no confirmation of any lower top formation at the highs.”

~Nagaraj Shetti, Technical Research Analyst, HDFC Securities

08:42 (IST) 20 Jul 2022
Stock specific action likely to continue

“Indian markets are standing out amidst global volatility. The energy crisis seems to be coming back with Saudi Arabia declining to increase production and Russia cutting gas supplies to Europe. On the other hand, dip in Dollar index from its highs have supported emerging markets. On the domestic side, strong momentum seen in rural focused stocks with healthy progress in monsoon. Even PSU Bank were in lime light after government announced delisting of 2 public bank. Midcap stocks have seen sharper recovery with improvement in sentiments and value buying. Going forward, market setup is positive with the overall structure changing to ‘Buy-on-dips’ from earlier ‘sell-on-rise’. With ongoing result season picking up pace, stock specific action is likely to continue.

~ Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services

08:41 (IST) 20 Jul 2022
Rupee likely to appreciate amid surge in risk assets, FII inflows; USDINR pair to trade in this range

The Indian Rupee is likely to appreciate against the US dollar on Tuesday amid surge in risk assets, foreign fund inflows. However, gains may be capped by strong American currency, elevated crude oil prices, inflation fears and widening trade deficit, according to analysts. USDINR(Spot) is expected to trade with a positive bias and quote in the range of 79.40 and 80.20. In the previous session, rupee closed at 79.92 against the US dollar after breaching 80-mark and touching an all-time low during the early trade. The local had opened at 80 against the dollar and then declined to 80.06. It, however, recovered 6 paise on strong regional currencies and a positive domestic equity market.

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08:39 (IST) 20 Jul 2022
Petrol and diesel price July 20: Fuel cost steady; Check prices in Delhi, Mumbai, other cities here

The prices of petrol and diesel on Wednesday, July 20, were left untouched by OMCs yet again. Prices have held steady for nearly two months. The most recent change in prices came for Maharashtra when the new state government announced a cut in value-added tax (VAT) on petrol by Rs 5 a litre and by Rs 3 a litre for diesel last week — a move that will cost the state exchequer Rs 6,000 crore on an annual basis. For the rest of the country, prices have been steady since May 21 when Finance Minister Nirmala Sitharaman announced a cut in excise duty on petrol by Rs 8 per litre, and Rs 6 per litre on diesel. 

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08:30 (IST) 20 Jul 2022
HUL, HDFC Life, L&T Finance, Ambuja Cements, Vedanta, PNB Housing, ONGC, OIL stocks in focus on 20 July 2022

Hindustan Unilever: FMCG major Hindustan Unilever on Tuesday beat estimates by posting an 11% year-on-year jump in its standalone net profit.

Ambuja Cements: Ambuja Cements posted a 14.25% fall in consolidated net profit. Read full story

08:21 (IST) 20 Jul 2022
Oil falls on inflation concerns, anticipated stock builds

Oil prices fell slightly in early Asian trade on Wednesday, pressured by global central bank efforts to tame inflation and ahead of expected builds in U.S. crude inventories as product demand weakens. Brent crude prices fell 39 cents or 0.5% to $106.96 a barrel by 0045 GMT, while U.S. West Texas Intermediate (WTI) crude fell 62 cents to $103.60 per barrel.

08:18 (IST) 20 Jul 2022
HUL Q1 profit jumps 11%, revenue climbs 19%

Hindustan Unilever (HUL) on Tuesday posted a higher net profit and revenue for the fiscal first quarter but warned that price hikes continued to squeeze household expenses and impact demand for consumer goods. The maker of Dove soap, Surf detergent and Horlicks also said margins would be under pressure at least also in the second quarter, forcing it to take calibrated price increases. HUL, India's largest fast-moving consumer goods company (FMCG), posted an 11% increase in net profit at Rs 2,289 crore in the quarter ended June 30. Sales rose 19% to Rs 14,016 crore, in part helped by a low base.

08:16 (IST) 20 Jul 2022
Sensex, Nifty stare at positive start as SGX Nifty surges; 5 things to know before opening bell

Domestic headline indices again witnessed a battle between bears and bulls on Tuesday. S&P BSE Sensex ended 246 points or 0.45% higher at 54,767 points while the NSE Nifty 50 index gained 62 points or 0.38% to settle at 16,340. Bank Nifty zoomed more than 1% during the day. Now, entering Wednesday’s trading session SGX Nifty zoomed close to 200 points, suggesting continued upward momentum on Dalal Street. Global cues were positive after bulls propelled Wall Street indices higher on Tuesday. 

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