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Concurrent Gainers: 10 stocks that gained for 5 days in a row
Despite the Sensex ending lower for the week, 10 BSE 1000 stocks defied market weakness by rising in all five trading sessions, delivering cumulative gains of up to 20% between July 6 and July 10.
Pulse of the Street: Sensex, Nifty rally on TCS earnings after midweek rout
On Friday, the BSE Sensex jumped 1.08% to close at 77,569.39, while the Nifty 50 gained 1.02% to settle at 24,206.90. The gains built on Thursday’s modest recovery of 0.31% and 0.34%, respectively, after Wednesday’s sharp sell-off.
Market wrap: Top gainers and losers on Nifty and Sensex today
Sensex climbed 828 points and Nifty gained 244 points, extending their winning streak as TCS earnings, positive global cues and banking optimism lifted sentiment. The rally added nearly Rs 6 lakh crore to BSE market capitalisation, with IT, financials and metals leading gains.
INR settles higher on positive cues from local equities; Weak greenback supports
The Indian rupee rose 14 paise to settle at 95.33 (provisional) against the US dollar on Friday as the greenback weakened but crude oil prices steadied amid intensifying tensions in West Asia. FII outflows and uncertainties over fresh tensions in West Asia weighed on the local unit while positive sentiment in the domestic equity markets provided support. Local shares ended Friday's session on a buoyant note, with firm cues from global markets and TCS' better-than-expected Q1 earnings helping underpin investor sentiment. Fears about a return to full-blow war however subsided after President Donald Trump claimed that Iran wants to "make a deal so badly," but he doesn't know if they're worthy of making a deal. The BSE Sensex climbed 827.57 points (1.08%) to close at 77,569.39, while the NSE Nifty 50 rose 244.10 points (1.02%) to settle at 24,206.90.
SBI Funds IPO DRHP: India's Largest AMC, Rs 11,693 Crore OFS, SBI And Amundi Selling — All You Need To Know
SBI Funds Management manages mutual funds, portfolio management services, alternative investment funds and offshore funds under the SBI Mutual Fund brand.
Rajesh Palviya of Axis Sec suggests Paytm, Anand Rathi, Nykaa shares to buy today
Indian benchmark indices opened higher, boosted by gains in IT stocks after TCS reported strong quarterly revenue. Nifty 50 rose 0.68% and BSE Sensex climbed 0.85%. Market breadth was positive, with all major sectoral indices in the green amid easing geopolitical tensions.
Zensar Technologies Ltd Spurts 3.95%, BSE Information Technology index Rises 2.26%
Zensar Technologies Ltd has added 1.57% over last one month compared to 0.99% fall in BSE Information Technology index and 4.61% rise in the SENSEX
TCS Shares Gain 4% After Q1 As Strong Deal Wins Offset Margin Pressure
Around 9:20 AM, TCS shares were trading near day's high at Rs 2,126 per share, up 3.82%. In comparison, BSE Sensex was trading at 77,481levels, up 0.71%.
Stocks in news: TCS, Groww, Shriram Finance, Dixon Tech, Anand Rathi Wealth
Indian markets saw a rebound on Thursday, recovering from Wednesday's sharp sell-off. TCS reported a 5% year-on-year profit growth, and Groww affirmed its direct mutual fund strategy. Shriram Finance is raising funds to reduce borrowing costs after a rating upgrade. Maruti Suzuki plans to add service points, and Dixon Tech will expand smartphone manufacturing. Premier Energies commissioned a solar module facility, and Anand Rathi Wealth saw profit rise.
NINtec Systems Ltd Slides 4.16%, BSE Information Technology index Shed 1.12%
NINtec Systems Ltd has added 20.73% over last one month compared to 4.84% fall in BSE Information Technology index and 3.6% rise in the SENSEX
TCS, Infosys crash up to 55%: Why India's largest mutual fund scheme is still buying
India's largest mutual fund scheme is buying more shares of TCS and Infosys. This buying occurs even as these IT stocks experience significant market value losses. The fund manager's conviction rests on current cash flows rather than future AI narratives. While AI disruption pressures revenue, it also creates new technology spending opportunities. The sector is no longer considered expensive, but earnings visibility remains a concern.
IRIS Regtech Solutions Ltd Spurts 2.12%
IRIS Regtech Solutions Ltd has added 10.94% over last one month compared to 2.56% fall in BSE Information Technology index and 5.84% rise in the SENSEX