scorecardMarkets open in the green, Sensex up 118 points, Nifty up by 37 points
  1. Home
  2. stock market
  3. news
  4. Markets open in the green, Sensex up 118 points, Nifty up by 37 points

Markets open in the green, Sensex up 118 points, Nifty up by 37 points

Markets open in the green, Sensex up 118 points, Nifty up by 37 points
Stock Market2 min read
BCCL
  • Indian markets opened slightly higher as SGX Nifty, an early indicator of the market, was up 0.14%.
  • Asian markets were trading on a mixed note on slowdown concerns in China due to rising Covid cases. Weak rupee may also have a bearing on the market.
  • RIL, Wipro, SBI among stocks to watch out for on July 21
Indian stock markets today opened on a positive note as the Sensex gained 118 points in early trade. Nifty too was up 37 points on the cues of Singapore stock exchanges which traded higher in the previous session.

However, experts expect a choppy trading session as there are many factors which may drag it down too like China possibly being in the throes of a slowdown. Rupee too fell one paisa to hit another all-time low of 80.06 against US dollar in early trade.

Here are some of the post-market events of the last session that could have a bearing on the stocks.

Reliance Industries
The oil-to-telecom giant is set to acquire a franchise in South Africa's upcoming T20 cricket league.

Wipro

Wipro reported a 12% decline in its profits to ₹2,717 crore in June quarter, as against ₹3,087 crore in the previous quarter. Its revenues grew 3% sequentially to ₹22,001 crore in the same period, in line with analyst expectations.

IndusInd Bank
The private sector lender’s net profit jumped 64.4% on year to ₹1,603.29 crore in June quarter due to fall in bad loans.

State Bank of India
The largest lender has approved raising up to ₹11,000 crore in bonds during the current financial year.

Tata Communications
The Tata Group company’s net profit grew by 83% on year to ₹544 crore in June quarter.

AU Small Bank
The small finance lender reported growth of 32% on year in net income to ₹268 crore in the June quarter on the back of good asset quality and higher loan sales.

Century Plyboards
The company’s net profit surged significantly by 184% to ₹96.47 crore in the first quarter of the current fiscal.

CEAT
The tyre maker reported a 61% decline in its consolidated net profit to ₹9 crore for the June quarter due to high raw material prices.

Havells India
The consumer appliances company reported a 3% on year growth in net profit at ₹242 crore for the June quarter.

Earnings today
Hindustan Zinc, SRF, Persistent Systems, Mphasis, Can Fin Homes, Crisil, Happiest Minds Technologies, IDBI Bank, Indiamart Intermesh, ICICI Securities, JSW Energy, Kajaria Ceramics, PVR and RBL Bank are among the companies to report results.


READ MORE ARTICLES ON




Advertisement