Share Market News: Today the stock market is not witnessing a record boom. Sensex and Nifty are seen trading in red mark. The Sensex is trading at 60,295 with a loss of 97 points and the Nifty is down by 7 points at 18,720. Let us tell you that in the local stock markets, the fast trend continued for the eighth consecutive trading session on Wednesday and the BSE Sensex was in profit of 235 points. Buying in IT, health and auto stocks strengthened the market amid continued foreign fund inflows. The 30-share BSE Sensex closed at 60,392.77 with a gain of 235.05 points, or 0.39 percent. At one point of time it had jumped up to 279.92 points during trading. The National Stock Exchange’s Nifty also closed at 17,812.40 points with a gain of 90.10 points, or 0.51 percent. In the last eight trading sessions, the BSE Sensex gained 2,779.05 points, or 4.82 percent, and the NSE Nifty gained 860.7 points, or five percent.

Today those who invest in these companies can get profit.

The net profit of IT company Tata Consultancy Services (TCS) increased by 14.8 percent to Rs 11,392 crore in the fourth quarter of the last financial year (2022-23). The company said on Wednesday that it was Rs 9,959 crore in the fourth quarter of the previous financial year 2021-22. TCS, the country’s largest IT company by market valuation, reported a 16.9 per cent rise in revenue to Rs 59,162 crore in the January-March quarter. Its revenue in the same quarter of FY 2021-22 was Rs 50,591 crore. The Tata Group flagship company’s net profit during the full financial year 2022-23 increased by 10 percent to Rs 42,147 crore. At the same time, the company’s revenue increased by 17.6 percent year-on-year to Rs 2,25,458 crore during the financial year. The company said its operating margin expanded to 24.5 percent from 24.1 percent in the fourth quarter. At the same time, the net margin increased from 18.7 percent to 19.3 percent. Explain that when a company releases its quarterly report, it also affects its stock. According to the report of TCS, the company has benefited, so it is being speculated that its stock may see a rise today.

You can buy these 5 stocks on CMP

1. Buy Apollo Hospitals share on CMP. Target Rs 4450 to Rs 4500. The stop loss can be up to Rs.4225.
2. Buy Bharti Airtel stock at CMP, target Rs 795. The stop loss can be up to Rs 760.
3. Buy Wipro stock at CMP, target Rs 395 and stop loss at Rs 354.
4. You can buy Tata Steel on CMP. Target Rs 114 and Stop loss is expected at Rs 103.
5. Buy HCL Technologies share at CMP 1095. Keep a target of Rs 1130. The stop loss is expected to be Rs.1080.
6. In the stock market, CMP means the current market price, that is, the share price at the time of opening of the market.

Latest Business News