Nifty hits 10,750 mark; Reliance falls after profit miss

Benchmark indices opened higher on Monday led by IT, PSU Bank, auto, FMCG and pharma stocks and also positive Asian cues and after RBI further liberalised ECB policy.

At 9:38 AM, the BSE Sensex was trading higher by 173 points at 35,143 and the Nifty50 index was up 48 points at 10,740.

In the broader market, the BSE Midcap gained 0.21% and the BSE Smallcap indices added 0.54%, respectively.

Shares of Reliance Industries were down 1% after Q4 earnings. The company’s consolidated revenue stood at Rs1,20,143cr, up 29% yoy. Net profit for the quarter came in 1% higher than the estimated figure of Rs9,347cr.

Kalpataru Power Transmission stock gained 2.5% after the global EPC player secured new orders worth Rs1,463cr.

HCL Tech (+3.5%), Adani Ports (+2.1%), Wipro (+2%), TCS (+1.8%) and Infosys (+1.7%) were the top gainers on Nifty50.

Axis Bank (-2.6%), Reliance Industries (-2%), UPL (-1.9%), BPCL (-0.99%) and Hindalco (-0.89%) were the top losers in today’s trade.

Out of 2,026 stocks traded on the NSE, 1,053 advanced, 525 declined and 448 remained unchanged today.


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