MARKET UPDATE: Sensex dipped 135 points to quote at 52,633 levels and Nifty hovering just above 15,750-mark, down 44 points
Published On: Wednesday, July 14, 2021 | By: Team KnowMyStock
Indian benchmark indices were trading lower today(14th July 2021), tracking mixed cues from other Asian markets. The frontline S&P BSE Sensex dipped 135 points, or 0.26 percent, to quote at 52,633 levels. Its NSE counterpart Nifty50, on the other hand, was hovering just above the 15,750-mark, down 44 points. In the broader market, the BSE MidCap index and SmallCap indices were up 0.06 percent and 0.32 percent, respectively. Sectorally, the Nifty IT index advanced over 1 percent while the Nifty Financial Services index dropped 0.6 percent. Nineteen companies including Infosys, 5paisa Capital, Craftsman Automation, Dodla Dairy, L&T Technology Services, and Hatsun Agro Product are slated to post their quarterly earnings today.
Most analysts are penciling in a 27-30 per cent year-on-year (YoY) rise in Infosys' Q1 profit while the revenue growth is seen between 16-17 per cent. That apart, expectations are ripe that the company may hike its FY22 revenue guidance to 13-15 per cent versus 12-14 per cent earlier.
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