Stock Market Updates: Fall in the market stopped, open market with gains, today’s top 5 shares on which investors will be eyeing
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In today’s trade, both the Sensex and Nifty indices have strengthened. At the beginning of the market, the Sensex was trading at a level of 65,497.73 with a weakness of 257.05 points i.e. 0.39 per cent. At the same time, the Nifty was trading at a level of 19,460.80 with a decline of 81.10 points or 0.42 per cent.
Buying is being seen in the domestic stock market amidst a weak mix from the global market and the ongoing decline has come to an end. In today’s trade, both the Sensex and Nifty indices have strengthened. At the beginning of the market, the Sensex was trading at a level of 65,497.73 with a weakness of 257.05 points i.e. 0.39 per cent. On the other hand, Nifty was trading at 19,460.80 with a decline of 81.10 points or 0.42 per cent. Buying is being seen in almost every sector in today’s business. Most of the indices including Bank, Financial, Auto, IT, Metal, Pharma are trading in green mark on Nifty. The shares of CIPLA, HCLTECH, LTIM, WIPRO, TECHM are in green color i.e. in growth, while the shares of BAJAJ-AUTO, HEROMOTOCO, POWERGRID, HINDUNILVR, BPCL are seen in red color i.e. weak. Today i.e. 4 August 2023, some stocks are ready to show action in a volatile market. These stocks can remain in focus in the market today. If you are looking for better stocks in intraday then you can keep an eye on these.
Paytm
Fintech company Paytm on Thursday said its average monthly users grew 19 per cent year-on-year to 93 million. As per the filing, merchant subscriptions stood at 8.2 million, including 4.1 million new subscriptions for the year. The fintech platform disbursed 4.3 million loans in the month of July, taking the total value of loans disbursed in the month to Rs 5,194 crore, a massive YoY growth of 148 per cent.
Adani Enterprises
The profit of Adani Enterprises Limited, the flagship company of Adani Group, increased by 44.41 percent to Rs 676.93 crore in the first quarter of the current financial year. Profits have increased due to reduction in expenses. The company’s profit was Rs 468.74 crore in the same quarter a year ago. However, the company’s total income declined to Rs 25,809.94 crore during the period, as against Rs 41,066.43 crore in the same period last year.
Eicher Motors
Eicher Motors’ profit rose 50 percent to Rs 918 crore in the June quarter. The company had earned a profit of Rs 611 crore in the April-June period of the last financial year. Eicher Motors’ total income from operations rose to Rs 3,986 crore in the first quarter from Rs 3,397 crore in the year-ago period.
LIC Housing
LIC Housing Finance’s profit rose 43 per cent to Rs 1,324 crore in the first quarter of the current financial year. The company had earned a profit of Rs 925 crore in the same quarter of the previous financial year. The company’s total income rose to Rs 6,747 crore in the first quarter from Rs 5,291 crore in the same quarter last fiscal.
Airtel
Telecom company Bharti Airtel’s profit remained almost stable at Rs 1612 crore in the June quarter on an annual basis. The company’s revenue increased by 14 percent to Rs 37,440 crore on an annual basis. During this period, 56 lakh new 4G customers were added and this time maximum number of postpaid customers were added, which is the highest in any quarter. Revenue from mobile services in India has increased by 12.4 percent.
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