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Closing Bell: Nifty ends above 16,600, Sensex gains 547 pts ahead of US Fed outcome – Moneycontrol

July 27, 2022 / 08:06 AM IST

Moneycontrol launches Analysts’ Call Tracker. A monthly special page that tells you which way analysts are leaning; the stock they are most bullish or bearish on, what they are upgrading or downgrades, and where they are betting against the market. Ignore this at your own risk!

July 27, 2022 / 03:36 PM IST

Rupee Close: 

Indian rupee ended 14 paise lower at 79.90 per dollar against Tuesday’s close of 79.76.

July 27, 2022 / 03:35 PM IST

Market Close: Indian benchmark indices broke two-day losing streak and ended higher with Nifty closing above 16600.

At Close, the Sensex was up 547.83 points or 0.99% at 55816.32, and the Nifty was up 158.00 points or 0.96% at 16641.80. About 1714 shares have advanced, 1521 shares declined, and 136 shares are unchanged.

Sun Pharma, SBI, L&T, Divis Labs and Asian Paints were among major gainers on the Nifty, while losers included Bharti Airtel, Bajaj Auto, Hero MotoCorp, UPL and Kotak Mahindra Bank.

All the sectoral indices ended in the green with Bank, IT, metal, oil & gas, capital goods, PSU bank, pharma index up 1-2 percent.

BSE Midcap index rose 0.9 percent and smallcap index added 0.38 percent.

July 27, 2022 / 03:25 PM IST

BuzzingGenesys International Corporation today announced a partnership with Google, enabling the launch of Google Street View across the
country and assisting in the advancement of the Indian mapping revolution. 

Buzzing     Genesys International Corporation today announced a partnership with Google, enabling the launch of Google Street View across the  country and assisting in the advancement of the Indian mapping revolution. 

July 27, 2022 / 03:21 PM IST

Laurus Labs Q1:Laurus Labs has posted 4 percent jump in Q1 consolidated net profit at Rs 251.3 crore versus Rs 241.4 crore and revenue was up 20.4% at Rs 1,539 crore versus Rs 1,278.5 crore, YoY.

Laurus Labs Q1:     Laurus Labs has posted 4 percent jump in Q1 consolidated net profit at Rs 251.3 crore versus Rs 241.4 crore and revenue was up 20.4% at Rs 1,539 crore versus Rs 1,278.5 crore, YoY.

July 27, 2022 / 03:15 PM IST

Credit Suisse View on Asian Paints

Foreign research firm Credit Suisse has kept ‘outperform’ rating on Asian Paints with a target at Rs 3,800 per share.

The concerns over competition are valid, however company is looking to fortify its dominant position.

Credit Suisse raises FY23/24 EPS estimates by 3/4 percent, reported CNBC-TV18.

July 27, 2022 / 03:11 PM IST

Buzzing:

Shares of auto parts maker Sansera Engineering plunged over 7 percent on July 27 after the company said one of its clients recalled Rs 3,066-crore order that was placed in April.

“Regarding business contract from a leading North American OEM for development, manufacturing and supply of connecting rods starting July 2025, we would like to inform you that basis recent review of business plan/strategy, our customer has decided to drop this project, consequent to which, the contract awarded to us by the aforesaid OEM stands withdrawn,” Sansera Engineering said in a regulatory filing on July 26.

July 27, 2022 / 03:09 PM IST

BSE Information Technology index rose 1 percent led by the Mastek, Mindtree, Cerebra Integrated Technologies

BSE Information Technology index rose 1 percent led by the Mastek, Mindtree, Cerebra Integrated Technologies

July 27, 2022 / 03:06 PM IST

Bajaj Finance Q1

Bajaj Finance has reported Q1FY23 net profit at Rs 2,596 crore versus Rs 1,002.4 crore and Net Interest Income (NII) was up at Rs 47.9% at Rs 6,638 crore against Rs 4,489 crore, YoY.

July 27, 2022 / 03:04 PM IST

Geojit View on ICICI Bank

ICICI Bank reported robust operating performance, driven by a combination of impressive core PPOP performance and controlled provisions. The bank also saw robust growth in deposits and advances. 

Overall business growth was better than the industry average as the bank’s asset quality continued to improve, while PCR remained
one of the best in the industry, and NPA levels continue a downward trend. Hence, we remain positive on the stock, and reiterate our buy rating with a target price of Rs 932 based on SOTP.

July 27, 2022 / 03:03 PM IST

Bajaj Finance Q1 preview | Net profit to more than double on strong loan growth

Bajaj Finance Q1 preview | Net profit to more than double on strong loan growth

Bajaj Finance Q1 preview: New loan booking in the quarter likely rose 60 percent on a year-on-year basis aided by the low base of the year-ago quarter

July 27, 2022 / 03:02 PM IST

Market at 3 PMBenchmark indices extended the gain and trading at day’s high level.The Sensex was up 489.00 points or 0.88% at 55757.49, and the Nifty was up 138.00 points or 0.84% at 16621.80. About 1595 shares have advanced, 1492 shares declined, and 123 shares are unchanged.

Market at 3 PM     Benchmark indices extended the gain and trading at day's high level.    The Sensex was up 489.00 points or 0.88% at 55757.49, and the Nifty was up 138.00 points or 0.84% at 16621.80. About 1595 shares have advanced, 1492 shares declined, and 123 shares are unchanged.