Stock Market LIVE: Nifty, Sensex Open Slightly Higher As Infosys, Airtel Shares Lead
In the Nifty 50 index, Infosys, HDFC Life Insurance Co, and Wipro India were the top gainers.
KEY HIGHLIGHTS
Muthoot Finance Shares Surges 10%, Hits Upper Circuit After Q1 Profit Zooms
Shares of Muthoot Finance Ltd., was up over 10% and locked in a circuit on the back of the notable zoom in the profit that company posted in the first quarter.
Muthoot Finance Ltd. reported a robust 73% rise in consolidated net profit in the first quarter of the current financial year. The company reported a bottom line of Rs 2,016 crore against Rs 1,164 crore in the year-ago period. The Net interest income was up 43% to Rs 3,933 crore versus Rs 2,754 crore. While the Impairment was down 11.7% to Rs 331 crore versus Rs 375 crore.
Experts' View: Traders Await Trump-Putin Meet, Mehta Equities' Tapse Says
"Although local markets have seen a rebound this week, the upside has been capped amid concerns of Trump’s tariff hikes on India. Technically, Nifty also continues to trade way below its 21-day moving average (24,803) and 50- day moving average 25,023. While Indian markets will be closed on Friday on account of Independence Day, investors will be watchful of the Trump–Putin summit to take place in Alaska tomorrow," said Prashanth Tapse, a senior vice president research), Mehta Equities.
Stock Market Live Update: Nifty, Sensex Rise At Open
The NSE Nifty 50 and BSE Sensex opened higher as Infosys Ltd. and Bharti Airtel Ltd. share prices led. The indices were trading 0.02% and 0.01% higher, respectively as of 9:22 a.m.
Yield On 10-Year Bond Opens Flat
The yield on the 10-year bond opened flat at 6.47%
Source: Bloomberg
Rupee Opens Weaker Against US Dollar
Rupee opened 3 paise weaker at 87.47 a dollar
It closed at 87.44 a dollar on Wednesday.
Source: Cogencis
