The Sensex-Nifty closed with a good lead, trading at the highest level of the day. The market is seeing a boom after a decline of 3 days. The Sensex, the Nifty closed with a good lead. All sector index of BSE closed with an edge. The midcap and smallcap index closed with an edge. Realty, pharma and energy shares were purchased. Oil-gas, metal and auto index closed with edge.
The Sensex closed at 81,337.95 with a gain of 446.93 points or 0.55 percent. At the same time, the Nifty closed at 24,821.10 with a gain of 140.20 points or 0.57 percent. 18 out of 30 Sensex rose, while 29 out of 50 shares of Nifty rose. 9 out of 12 shares of Nifty Bank increased.
The profit decreased from Rs 33 crore to Rs 28 crore, revenue increased from Rs 584 crore to Rs 601 crore, while Ebitda increased from Rs 58 crore to Rs 62 crore. The Ebitda margin increased from 9.9% to 10.3%. Conso’s profit decreased from Rs 33 crore to Rs 28 crore.
V.K. of Geojit Financial Services Vijayakumar’s opinion: V.K. of Geojit Financial Services Vijaykumar said, “Uncertainty over the Indo-US trade agreement is overshadowing the market at this time. The deal is not yet complete.” He added, “The time limit of August 1 is coming close and time is passing, so the possibility of agreement is decreasing. President Trump’s successful talks with Japan and the European Union, which have been in favor of America to a large extent, can further strict America’s stance towards India. We have to wait and see what happens in the coming days.”
The stocks of Happiest Minds Technology up 7% are seen in the shares of Happiest Minds Technology today. The company’s stock has seen a 7 percent increase today. The company’s profits have increased by 67 percent on a quarterly basis. At the same time, there has been a good improvement in the ambit and margin on a quarterly basis. However, the income was about one percent above the previous level.
Anand James’s Bazaar Rai of Geojit Financial Services Anand James, the main market analyst of Geojit Financial Services, said that the market seems to be getting closer to the “extreme” level of fear. “65 percent shares of the Nifty 500 index are seen above the day -low 1 percent and 30 percent from the average, two standard deviations, which are signs of reduction in selling,” he said. James added, “Although 24,922 remains at resistance level. But the area of 24,750-24,650 has been repeatedly supported. It is likely to bounce back until the Nifty goes below 24,450 or 24,000. It is likely to bounce back. 24,788 will serve as a major indicator. While 24,92-25,050 will serve as a major indicator.”
