Categories: Business

Sensex 420 and Nifty rise 122 points, IT stocks up

stock market today
Image Source: GOODLE

new Delhi. Domestic stock markets have closed today with the help of sharp purchase in IT sector giant Infosys. Infosys had released better results yesterday than its estimates. In today's trade, the Sensex gained 420 points to close at 36472 and the Nifty closed 122 points higher at 10740. During the business, IT sector saw the highest growth.

According to the results released by heavyweight Infosys, the company's profit in the first quarter increased by 12 percent. After the results, the stock has gained more than 9 percent. Infosys is among the top 5 companies in the country by market value. Along with this, Mahindra & Mahindra, IndusInd Bank, Nestle India and HCL Tech closed up by more than 3%. Tech Mahindra was the biggest loser among the Sensex companies, closing down 2.67 per cent during the stock trade. At the same time, ITC has fallen by 2.42%, NTPC by 1.36%, Powergrid by 1% and Titan by 0.88%.

This post was published on July 16, 2020 3:51 pm

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