• By Vaamanaa Sethi
  • Fri, 21 Jul 2023 10:22 AM (IST)
  • Source:JND
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The Indian equity benchmark opened on a weaker note today, July 21, Friday, amid weak cues after gaining for six trading sessions. Sensex tanked over by 581.11 points or 0.86% at 66,990.79, and the Nifty was down 156.80 points or 0.78% at 19,822.40.

Meanwhile, Nifty Bank hit record high in subdued markets up by 89.90 points or 0.19% at 46276.80. About 903 shares advanced, 1090 shares declined, and 119 shares unchanged.

Infosys, Tech Mahindra, HCL Technologies, Wipro and LTIMindtree were among major lowers on the Nifty, while gainers were L&T, Britannia Industries, Nestle India, SBI and Kotak Mahindra Bank.

Sector wise, IT stocks cracked 4% today with Infosys nosediving after weak results. Nifty FMCG declined 0.51%. Whereas, banks, financial, auto, media, pharma, and healthcare sectors opened with gains.

The market had closed in green yesterday, recording highs on Thursday. At close, the Sensex was up 474.46 points or 0.71% at 67,571.90, and the Nifty was up 146.00 points or 0.74% at 19,979.20, on July 20.

On the other hand, The Indian rupee fell 11 paise to $82.20 against the US dollar in early trade. The domestic currency ended 10 paise higher at 81.99 per dollar versus previous close of 82.09.

Top stocks to watch out today —

L&T

Larsen & Toubro (L&T) stocks to remain in the limelight today as the company’s board is considering for share buyback and it will also announce a special dividend on July 25.

Infosys

The IT major reported a slash in its revenue guidance to 1-3.5% in Q1 FY24 against 4-7% earlier, ADR also went down by 8.4%.

PVR Inox

The multiplex chain company has launched a 12-screen cinema in Bengaluru, making for the first ICE theatres format in south India.

HUL

The consumer goods company recorded a downfall in volume growth to 3% against the estimates.

Indiamart

The company reported a 20.4% year-on-year rise in EBITDA. The board has also approved share buyback up to Rs 500 crore.

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