Produced by: Prashun Talukdar Designed by: Mohsin Shaikh
"Nifty's aggressive upside targets are still seen at the psychological 22,000 mark, with confirmation of strength only above the 21,836 mark," said Prashanth Tapse, Senior VP (Research) at Mehta Equities. On the stock-specific front, HCL Tech, Wipro, HDFC Life Insurance and few other counters will be in focus today.
Shares of HCL Technologies moved 0.40% down to close at Rs 1,485.75 in the previous trading session. The country's No. 3 software-services exporter is slated to declare its December quarter results (Q3 FY24) today.
Shares of Wipro fell 1.28% to close at Rs 448.05. The IT firm is also scheduled to declare its third-quarter results today.
HDFC Life Insurance Company shares shed 0.16% to close at Rs 643.65. The private insurer will announce its quarterly results today as well.
Shares of Tata Consultancy Services (TCS) rose 0.61% to settle at Rs 3,736.20. The country's No.1 software services exporter reported a 1.96% year-on-year (YoY) rise in consolidated net profit, at Rs 11,097 crore, for the December quarter compared with Rs 10,883 crore in the same period last year.
Shares of Infosys Ltd slipped 1.62% to close at Rs 1,495. The IT major posted a 7.3% YoY fall in net profit at Rs 6,106 crore for Q3 FY24 compared with Rs 6,586 crore in the same quarter last year.
Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Business Today. Investors should consult their financial advisors before taking any position.