Sensex and NIfty made lifetime high today. Nifty crossed the major hurdle of 21834 and gave a lifetime high closing today at 21894.55. Today Nifty opened gap up around 125 points in the morning. Nifty then falled around 70 points and then it took support on previous day high. Nifty then consolidated there around 20-25 minutes and then it started rising gradually. Nifty made a move of approximate 200 points from the day low to the day high.
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Overall the Nifty looks very bullish. The next hurdle for the NIfty is 22000 and 22200. The intermediate support for the NIfty is 21800 after then there is a support of 21720. If Nifty breaks 21720 then we can expect a downfall in the benchmark index Nifty 50.
Sensex Closed Lifetime high today
Sensex also closed today at lifetime high of 72568.45 which is 847.27 points in percentage terms it is 1.18% higher from yesterday’s closing. Sensex opened gap up around 427 points. Sensex then falls till previous day’s high. Sensex consolidate there around 20 minutes, it then starting rising gradually to day’s high. Sensex rose about 720 points from day’s low to the day’s high. On 15 minutes time frame you can spot easily that Sensex is making higher lows which is a bullish sign.
Banknifty Closed Higher Today
Like Nifty and Sensex, Banknifty also closed higher today but it was not lifetime high. Banknifty opened around 130 points gap up, it then took support around previous day’s close and from there Banknifty bounced back very fast till 47783, it then gave a intermediate correction till 74620 and then bounced back again to make a new intraday high of 47873.70. However closing of Banknifty was around 47709.80 which is about 271.45 points which in percentage terms is 0.57% higher than previous day’s closing price.
The public sector bank SBIN which is a major constituent of banknifty, rose 2.16%, at the same time ICICI Bank rose 1.25%. The HDFC Bank closed in marginally red by -0.47%. Axis Bank also closed in red by -5.40 points which in percentage terms is -0.48%.
Top Gainers of the Day
| Stock | Price |
|---|---|
| Infosys | 1612.75(7.94%) |
| ONGC | 223.40(5.46%) |
| Tech Mahindra | 1308.05(4.70%) |
| LTIMindtree | 6237.05(4.65%) |
Top Losers of the Day
| Stock | Price |
|---|---|
| Cipla | 1308.00(-1.34%) |
| Apollo Hospital | 5795.70(-1.27%) |
| Ultra Tech Cement | 9808.45(-1.13%) |
| Bajaj Finserv | 1651.90(-1.04%) |
HCL Technologies Quarter 3 Results Out
The net profit of HCL Technologies rises 6% Year on year to Rs 4350 crore, thus beating the dalaal street estimates. IT service company HCL Technologies on friday reported its Quarter 3 results. It was 4096 crore in the last year. Revenue from operations also increased 6% to 28446 crores. The board of directors has declared an interim dividend of Rs 12 per equity share and fixed january 20 as the record date for the same. The payment date of the interim dividend will be January 31st.
HCL Technologies expects its constant currency revenue growth to be around 55.5% in the fiscal year 2024, while EBIT margin is estimated between 18 – 19%. Consolidatd EBIT jumped 7% year-on-year to Rs 5615 crore in the quarter under review. Operating margin of the said quarter is at 19.8% up by 16bps year-on-year and 126bps quarter on quarter.
The CEO and MD of HCL Technologies Mr. C Vijaykumar said that “Our results this quarter have been remarkably strong, driven by momentum in both services and software businesses. We are quite excited by the strategic progress HCL Software has made over the last year”.