Sensex surges over 300 Points, Nifty hits fresh all-time high
Infosys experienced a surge in its stock value, jumping over 1%, following the announcement of a significant deal with an existing client.
Stock Market: The Indian stock market witnessed a significant surge on Tuesday, with the Sensex rallying over 300 points higher at the 67,000 mark while the Nifty 50 was up 67 points to 19,778.45.
The third session straight touched high again, led by gains in Infosys and HDFC Bank.
HDFC Bank witnessed a notable surge in its stock value, gaining over 1% after announcing its standalone net profit of Rs 11,952 crore for the June quarter. This impressive financial result reflects a remarkable growth of 30% compared to the net profit of Rs 9,196 crore reported in the same quarter last year.
Infosys experienced a surge in its stock value, jumping over 1%, following the announcement of a significant deal with an existing client. The company signed an agreement to provide artificial intelligence (AI) and automation services, spanning over five years, with an estimated target of $2 billion.
LTIMindtree fell almost 3 percent after the IT services firm reported a 4 percent jump in its net profit of Rs 1,151 crore in the June quarter. The firm’s operational revenue for the quarter climbed 14 percent to Rs 8,702 crore.
In the morning session, the top gainers included HDFC Bank, ICICI Bank, IndusInd Bank, Bajaj Auto, Asian Paints, Infosys, Maruti Suzuki, BPCL, and Hindustan Unilever.
Then again, LTI Mindtree, Tech Mahindra, Titan, Bharti Airtel, Dr Reddy, UltraTech Concrete, HDFC Life, Goodbye Engines were among the top failures at this hour.
Ms Kalinga