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Tuesday, January 31, 2023

Sensex down by 168 points to open at 59,789; Nifty at 17,826

From the Sensex pack, HCL Technologies, Larsen & Toubro, Tech Mahindra, Reliance Industries, Wipro, Nestle, Tata Consultancy Services, Infosys, Asian Paints and HDFC were among the major laggards.

Market benchmarks declined in early trade on Friday dragged down by index major Reliance Industries and IT counters along with continuous foreign fund outflows.

The 30-share BSE Sensex declined 273.21 points to 59,684.82. The broader NSE Nifty slipped 69.75 points to 17,788.45.

From the Sensex pack, HCL Technologies, Larsen & Toubro, Tech Mahindra, Reliance Industries, Wipro, Nestle, Tata Consultancy Services, Infosys, Asian Paints and HDFC were among the major laggards.

HCL Technologies and Infosys fell in early trade after their December quarter earnings announcement.

Infosys on Thursday reported a better-than-expected 13.4 per cent rise in profit for the December quarter and raised its annual sales forecast on a strong deal pipeline even as it warned of “constraints” in certain verticals amid slowing global economy.

HCL Tech on Thursday reported a 19 per cent increase in the consolidated net income to ₹4,096 crore for the third quarter ended December 31, 2022 driven by growth in services revenue.

Note: The information given here is based on religious belief and public belief. There cannot be any scientific evidence for this. Keeping in mind the general interest and knowledge, it is being presented here.

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