Stock Market Updates: Sensex and Nifty open in green mark, 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 opened in the green. At the beginning of the market, the Sensex was trading at 66,009.99 with a gain of 56.51 points, or 0.09 per cent. At the same time, the Nifty was trading at 19,618.50 with a gain of 21.2O points i.e. 0.11 per cent.
The domestic stock market is witnessing gains amid weak mix from the global market. In today’s trade, both the Sensex and Nifty indices opened in the green. At the beginning of the market, the Sensex was trading at 66,009.99 with a gain of 56.51 points, or 0.09 per cent. At the same time, the Nifty was trading at 19,618.50 with a gain of 21.2O points i.e. 0.11 per cent. In today’s business, most of the sectors including Bank, Financial, Auto, IT, Pharma are showing green mark on Nifty. Although the metal index on Nifty is in the red mark. The shares of HROMOTOCO, CIPLA, DRREDDY, TITAN, LTIM are in green color i.e. in growth, while the shares of EICHERMOT, M&M, ADANIPORTS, NESTLEIND, BRITANNIA are seen in red color i.e. weak. Today i.e. 8 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.
Tata Chemicals
Tata group company Tata Chemicals reported a 9.67 per cent decline in profit to Rs 532 crore in the June quarter. Tata Chemicals gave this information to the stock market. In the same period of the previous financial year, the company’s profit was Rs 589 crore. The company’s operating income grew by 5.58 per cent to Rs 4,218 crore during the quarter under review, as against Rs 3,995 crore in the same period last year.
IOC
The government has given a one-year extension of service to Indian Oil Corporation (IOC) chairman Shrikant Madhav Vaidya after his retirement. An official order on August 4 said that the Appointments Committee of the Cabinet (ACC) has approved the proposal of the Ministry of Petroleum and Natural Gas to extend the service of Shrikant Madhav Vaidya, Chairman of Indian Oil Corporation Limited (IOCL) on contract basis for one year. Has agreed to. His appointment will be effective from the date of superannuation i.e. September 1, 2023, till the next one year i.e. August 31, 2024, or till the appointment of a regular officer to the post, or until further orders, whichever is earlier.
India Cements
India Cements Limited has incurred a loss of Rs 73.58 crore in the June quarter. This is mainly due to lower selling price and lower volumes. The company had earned a profit of Rs 83.83 crore during the April-June quarter a year ago. The company’s operating income declined 5.12 per cent to Rs 1,436.74 crore in the June quarter from Rs 1,514.35 crore in the corresponding quarter of the previous fiscal.
Adani Green
Qatar’s sovereign wealth fund Qatar Investment Authority (QIA) has acquired more than 2.5 per cent stake in Adani Green Energy for about $500 million. This information is coming from sources related to the industry. This is the second investment by the Environment, Social and Corporate Governance (ESG) fund in a group company after Adani Electricity Mumbai Limited (AEML). Earlier, in 2020, QIA had acquired Adani Electricity Mumbai Ltd., a subsidiary of Adani Energy Solutions Ltd. acquired a 25.1 per cent stake in
bharti airtel
The company has launched Airtel Xstream AirFiber, India’s first 5G wireless Wi-Fi service, designed to provide internet to areas without a fibre-based internet connection. The initial roll-out is in New Delhi and Mumbai.
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