Markets at Noon: Nifty and Sensex Climb as Diversified Sector Leads Gains
Indian stock markets show positive momentum with Nifty 50 up 0.65% and Sensex up 0.70%. Diversified and Aerospace & Defense sectors lead gains, while Forest Materials and Commercial Services face significant losses. HCL Tech, Zomato, and Infosys are among the buzzing stocks with mixed performances and key announcements. Tech sector sees varied results with Wipro declining despite beating expectations.
*this image is generated using AI for illustrative purposes only.
Market Overview
The Indian stock markets are showing positive momentum at midday, with both benchmark indices trading in the green.
| Index | Current Price | Change | % Change |
|---|---|---|---|
| Nifty 50 | 25,750.65 | 165.35 | 0.65% |
| BSE Sensex | 84,052.96 | 585.30 | 0.70% |
Sectoral Performance
The market is witnessing a mixed sectoral performance, with some sectors showing strength while others face selling pressure.
Top Performing Sectors
| Sector | Average % Change |
|---|---|
| Diversified | 1.15% |
| Aerospace & Defense | 0.93% |
Top Losing Sectors
| Sector | Average % Change |
|---|---|
| Forest Materials | -17.10% |
| Commercial Services | -16.85% |
| Energy | -14.04% |
| Realty | -11.20% |
| Food Products | -11.19% |
Buzzing Stocks
Several stocks are making headlines today:
HCL Tech: Strengthened partnership with Zscaler, focusing on AI-driven security and network changes.
Eternal Ltd (Zomato):
- Revenue surged nearly threefold to Rs 13,590 crore
- Net profit declined 63% to Rs 65 crore
- Mixed broker ratings with target prices between Rs 400-430
Persistent Systems:
- Conducted Non-Deal Roadshow with major institutional investors
- Block trade of 96,190 shares at Rs 5,785 per share
Thyrocare Technologies:
- Announced 2:1 bonus share issue
- Proposed increase in authorized share capital
Kajaria Ceramics:
- Reported Q2 consolidated revenue of Rs 1,186.01 crore
- Announced interim dividend of Rs 8 per equity share
Infosys:
- ADRs declined nearly 4% despite beating earnings expectations
- Raised constant currency revenue growth guidance to 2-3%
Zee Entertainment:
- Revised advertising revenue growth estimate downward
- Expects EBITDA and cash flow rebound following restructuring efforts
Wipro:
- Shares declined 4.48% despite better-than-expected results
- Signed two major deals, each valued at over $500 million
Conclusion
As the trading session progresses, the market shows resilience with both Nifty and Sensex in positive territory. The Diversified and Aerospace & Defense sectors are leading the gains, while several other sectors face significant selling pressure. Investors are closely watching the performance of key stocks like HCL Tech, Zomato, and Infosys as they navigate through their recent announcements and results.
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