Share Market LIVE: Sensex zooms, Nifty touches 17200, bulls may return above 17350; RIL hits new 52-week high – The Financial Express

Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic stock markets opened Thursday’s session with gains. S&P BSE Sensex was up more than 350 points or 0.6% to sit around 57,370 while the NSE NIfty 50 index was up 100 points or 0.6%, well above 17,200. Bank Nifty index zoomed 0.75% and neared 36,600 while India VIX fell 4% to sit just below 18 levels. Broader markets were also inching higher. Reliance Industries continued to dominate, up 1.5% as the top Sensex gainer, followed by Bajaj Finserv, IndusInd Bank, and Bajaj Finance. Nestle India was the worst-performing stock, along with Tata Steel and Bajaj Auto.

Information Technology major HCL Technologies will report its quarterly earnings today. So far TCS and Infosys have reported their January-March quarter results among IT companies and Dalal Street has not been impressed. Analysts at ICICI Direct had earlier said that HCL Technologies’ revenues will be partially offset by a cross-currency impact of 30 bps. EBIT margins for the quarter are expected to contract 80 bps on-quarter basis, due to negative operating leverage and continued salary rationalisation amid high attrition. HDFC Securities believes profits could take a hit by 5.6% on-quarter basis to Rs 32.49 billion. 

Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market News Live Updates

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