An opening loss of 250 points for the Sensex, a holding of 16,150 for the Nifty; key points
Stock Market Update
Sensex was down 269.57 points at 54212.27 at 09:16 IST, and Nifty was down 83.10 points at 16137.50. 950 shares rose, 927 declined, and 127 remained unchanged.
Market Update
A number of stocks will be examined on Monday, including TCS, Power Grid, DRL, DMart, and Tata Motors.
Today’s stocks to watch
TCS reported a 5.2% rise in net profit for the June quarter despite annual wage hikes and promotions that caused operating profit margins to plummet.
Tata Consultancy Service
Electricity is to be evacuated across state lines from the Neemuch Special Economic Zone in Madhya Pradesh by a state-owned power company. Based on tariffs, PGCIL was awarded the project.
Power Grid
As reported in its Annual Report for 2021-22, the provider plans to add about 1,500 beds in the next five years. Over 4,300 beds are currently operated by the healthcare major.
Fortis Healthcare
Domestic auto giant Honda increases passenger vehicle prices partially to offset rising input costs. On Saturday, the weighted average price will increase by 0.55 percent.
Tata Motor
D-Mart reported a seven-fold jump in its consolidated net profit to Rs 642.89 crore for the quarter ended June 30, 2022, thanks to "very good recovery" in overall sales.