MARKET UPDATE: sensex at 53,067 levels, up 160 points and Nifty up 41 points, to quote at 15,895 levels
Published On: Thursday, July 15, 2021 | By: Team KnowMyStock
Indian benchmark indices saw modest gains on Dalal Street today(15th July 2021) amid mixed global cues. The frontline S&P BSE Sensex was at 53,067 levels, up 160 points or 0.31 percent. It's NSE counterpart, Nifty50, added 41 points, or 0.26 percent, to quote at 15,895 levels. Shares of Infosys added 1 percent in early deals as the IT major raised its revenue growth guidance for FY22 to 14-16 percent from an earlier estimate of 12-14 percent. L&T, HCL Tech, and Tech M were the other top gainer on the BSE barometer. The BSE MidCap index added 0.25 percent while the BSE SmallCap index advanced 0.63 percent. Twenty-two companies, including Wipro, Angel Broking, Tata Elxsi, L&T Infotech, and Cyient are slated to post their quarterly numbers today.
Analysts believe Wipro's net profit could jump 14-19 per cent YoY in Q1FY22 on 17-19 per cent growth in topline. A contraction in EBIT (earnings before interest and tax) margins sequentially is a given, which in turn would drive PAT sequentially, they said.
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