Sensex, Nifty trade sharply higher despite geopolitical jitters
Indian equity benchmarks traded sharply higher on Friday, mirroring gains in global markets despite fresh geopolitical tensions and concerns over the closure of the Strait of Hormuz.
Indian equity benchmarks traded sharply higher on Friday, mirroring gains in global markets despite fresh geopolitical tensions and concerns over the closure of the Strait of Hormuz.
IT major Tech Mahindra on Monday denied social media rumours that it plans a large‑scale job cut, saying no such proposal is under consideration.
At the close, the Sensex settled 1,068.74 points, or 1.28 per cent, lower at 82,225.92, while the broader Nifty ended at 25,424.65, down 288.35 points, or 1.12 per cent.
At the close, the Sensex was up 266.47 points, or 0.32%, to 83,580.40, while the Nifty gained 50.90 points, or 0.20%, at 25,693.70.
Indian benchmark indices traded flat with a mild positive bias early on Monday, tracking mixed global cues and subdued year-end participation.
It was profit margins, that expanded by 1.70 per cent to at the operating level to 15.9 per cent, which helped the bottom line.
ITI has also won a Rs 7,796 crore contract to build communication networks for the Defence sector.
The stock gained 5.77 per cent to Rs 702.40 on the BSE, but at 2.02 pm the share prices came close to per cent to Rs 681.45.
The employees and their dependents were stranded in the US following the Covid-19-induced lockdown. There were 108 employees and their 102 family members. The special chartered flight had taken off from Fort Worth International Airport in Dallas on Monday.
Earnings per share (EPS) was at Rs 13.13. In dollar terms, the net profit was up 1.3 per cent sequentially to USD 160.6 million
