Stock Market Updates: Open market at record high, today’s top 5 shares on which investors will be eyeing
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The Sensex is trading at 66,072.19 with a gain of 10.50 points or 0.02 percent and the Nifty is trading at 19,579.20 with a gain of 15.00 points or 0.08 percent.
Buying is being seen in the domestic stock market amid mixed global signals. Sensex and Nifty have reached record high in today’s business. The Sensex is trading at 66,072.19 with a gain of 10.50 points or 0.02 percent and the Nifty is trading at 19,579.20 with a gain of 15.00 points or 0.08 percent. Buying is seen in most of the sectors in today’s trade. Slight pressure is being seen in Bank and IT index on Nifty. While Financial, Auto, FMCG, Metal, Pharma and Realty indices are in green.
Shares of ADANIENT, ADANIPORTS, DRREDDY, WIPRO, LTIM are in green color i.e. in growth, while shares of ONGC, HEROMOTOCO, HDFCBANK, BHARTIARTL, ICICIBANK are seen in red color i.e. weak. Today i.e. 17 July 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.
Bandhan Bank
Bandhan Bank’s net profit declined 18.7 percent to Rs 721 crore in the June quarter. The profit of the bank declined due to the decline in net interest income. In the same quarter a year ago, it had a profit of Rs 887 crore. Total income increased to Rs 4,908 crore during the June quarter from Rs 4,385 crore in FY 2022-23. The bank’s interest income increased from Rs 4,055 crore in the June quarter a year ago to Rs 4,523 crore this time.
HDFC Bank
Today i.e. in the business of July 17, some companies are going to release their quarterly results. These include HDFC Bank, LTIMindtree and Tata Elxsi. Apart from these, the quarterly results of Tinplate, Central Bank of India, CRISIL, Hathway Cable & Datacom, Huhtamaki India, Onward Technologies, Seacoast Shipping Services and Tarapur Transformers will also come today.
SBI
State Bank of India (SBI) has increased the marginal cost based interest rate of the fund by 0.05 percent. As per the information available on SBI website, the revised MCLR rate will be effective from July 15. With this increase, the MCLR for one year has increased to 8.55 per cent, which was earlier 8.50 per cent. Most of the loans are linked to the one year MCLR rate.
Rallis India
Rallis India Limited, a company related to agriculture sector, says that due to low income, its profit decreased marginally to Rs 63 crore in the April-June quarter. In the same period a year ago, the company had a profit of Rs 67 crore. Total income declined to Rs 765 crore in the first quarter from Rs 867 crore in the same period last year.
JSW Energy
The company’s consolidated net profit declined 48 per cent year-on-year to Rs 289.88 crore in Q1FY24 due to weakness in hydro energy, short-term sales and coal sectors as well as debt-refinancing related charges.
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