Buzzing Stocks: HCL Tech, Clean Science, GR Infraprojects and other stocks in news today
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Bajaj Finance Q1 earnings today; expect double-digit growth in profit:
Bajaj Finance will report its numbers for the quarter ended June 2021 today, July 20.
The company is expected to report double-digit growth in profit, as well as net interest income. However, asset quality pressure is likely on account of lockdowns, which will lead to elevated provisions. Read More
Indian rupee opened lower at 74.95 per dollar on Tuesday against previous close of 74.87, amid selling seen in the domestic equity market. On July 19, domestic currency ended 31 paise lower at 74.87 against Friday’s close of 74.56 per dollar.
For those getting worries seeing the screen, we were here just 8 days back#Nifty— Alok Jain ⚡ (@WeekendInvestng) July 20, 2021
Market at 10 AMBenchmark indices extended the opening losses with Nifty trading around 15650.The Sensex was down 308.87 points or 0.59% at 52244.53, and the Nifty was down 95.50 points or 0.61% at 15656.90. About 1069 shares have advanced, 1617 shares declined, and 93 shares are unchanged.HCL Technologies, IndusInd Bank, HDFC Bank, Hindalco and M&M were among major losers on the Nifty, while gainers were Shree Cements, Power Grid Corp, Asian Paints, UltraTech Cement and Bajaj Auto.
Some long term investors seem to be bailing out of #HDFCBank
Another 10% down could be an opportunity— sandip sabharwal (@sandipsabharwal) July 20, 2021
Asian Paints Q1 profit could grow over 200%
Asian Paints, one of the largest paint companies in India, is expected to report over a 200 percent year-on-year increase in consolidated profit, with around 100 percent growth in volume in the quarter ended June 2021, largely driven by a low base. The Q1FY21 earnings were hit by nationwide Covid lockdown. Read More
Nifty metal index shed over a percent dragged by the Vedanta, SAIL, NALCO, Welspun Corp
Gold prices were flat on Tuesday, as a slide in U.S. Treasury yields offset a firmer dollar amid investor concerns over a relentless surge of the Delta coronavirus variant that could threaten the outlook for global economic recovery.
Economy to witness 6.5 -7% growth FY23 onwards, to accelerate further: CEA Krishnamurthy Subramanian
The economy will start witnessing a growth of 6.5 to 7 percent from fiscal 2023 onward and accelerate further due to the reforms taken by the government Chief Economic Advisor Krishnamurthy Subramanian said during a virtual event organised by Indian Construction Equipment Manufacturers Association.
Trade Spotlight: What Should Investors Do With Welspun India, Angel Broking & Indiabulls Real Estate?
Stocks that were in focus include Indiabulls Real Estate, which rallied over 11 percent and hit a fresh 52-week high. Welspun India rose more than 6 percent while Angel Broking,too, ended with gains…