Indian benchmark indices closed at record highs on Wednesday as investors bet on the possibility of strong economic growth. BSE Sensex jumped by 302.30 points, or 0.45 percent, to 67,097.44 for the day. This was the highest closing level ever recorded for the index. The NSE’s Nifty50, meanwhile, gained 83.90 points, or 0.42 per cent, to finish at 19,833.15.
The bullish sentiment in the markets was bolstered by strong buying in banking and financial stocks. Heavy buying was also seen in stocks of metal, FMCG, and IT companies. Investors believe that the economic recovery following the Covid-19 pandemic and a potential vaccine will see companies performing better in the near future.
Here’s a look at stocks that are likely to remain in news today.
RIL
With the demerger of Reliance Strategic Investments (to be renamed as Jio Financial Services or JFS), a special pre-open session for Reliance Industries Ltd (RIL) will kick start at 9 am on Thursday for 60 minutes.
L&T Finance Holdings
L&T Finance Holdings has more than doubled its net profit to Rs 531 crore in Q1. Revenue from operations surged 8% to Rs 3,223 crore.
Tata Communications
Tata Communications logged a 30% decline in net profit at Rs 382 crore for the first quarter ended June. Revenue from operations zoomed 11% to Rs 4,771 crore.
Earnings Today
Shares of HUL, Infosys, Havells, and United Spirits are in focus as the companies will announce their first quarter earnings today.
Mastek
Mastek has logged a 9% fall in net profit to Rs 70 crore in the June quarter. However, revenue from operations climbed 27% year-on-year to Rs 725 crore.
Federal Bank
Federal Bank has launched a QIP (qualified institutional placement) issue and fixed Rs 132.59 as the floor price.
Shree Cement
The company received a letter from the government for the order of inspection.
Hatsun Agro
Hatsun Agro reported a net profit of Rs 80 crore for the April-June period. Revenue from operations stood at Rs 2,150 crore
