The last trading day of the week saw a surge in the Indian stock market. In the early trade, the Sensex crossed the 52,750 level, gaining 100 points. At the same time, speaking of Nifty, it was trading at over 15,800 points during this period. Leading IT company Tech Mahindra’s stock gained 8 percent in early trading.
In addition to Power Grid, HCL, NTPC, Maruti, TCS and Mahindra & Mahindra were among the top gainers on the BSE index. Top losers include shares in banking and finance companies. These include Bajaj, SBI, ICICI Bank.
Tech Mahindra profits: Let me tell you, Tech Mahindra posted tremendous profit in the first quarter of the financial year 2021-22. During the period, Tech Mahindra’s profit grew 39.2% to Rs 1,353.2 crore. Tech Mahindra reported net profit (after minority interest) of Rs 972.3 crore in the same period a year ago. The company’s revenue for the quarter ended June 2021 was Rs. 10,197.6 crore, up from Rs. 9,106.3 crore. In this way their revenues increased by 12 percent.
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Thursday Stock Market Status: Stock markets fell on Thursday in the last three trading sessions. The Sensex ended 209.36 points or 0.40 percent higher at 52,653.07. Speaking of Nifty, it ended up 69.05 points, or 0.44 percent, at 15,778.45. Tata Steel gained 6.87% in Sensex shares.