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Domestic stocks rose for the third consecutive session, hitting record highs again on Tuesday, led by gains in Infosys and HDFC Bank. BSE benchmark Sensex hit a record high of 66,985.50 in the opening session, while the broader NSE Nifty50 index touched 19,811.25.
By 9.30 am, Sensex was trading up 304.34 points, or 0.46 percent, at 66,894.27, while Nifty50 was up 67 points, or 0.34 percent, at 19,778.45.
HDFC Bank jumped more than 1 per cent after India’s largest private bank reported standalone net profit of Rs 11,952 crore for the June quarter, registering a growth of 30 per cent from Rs 9,196 crore in the same quarter last year.
Infosys also jumped more than 1 percent after it signed a deal with an existing customer to provide artificial intelligence (AI) and automation services that will span five years, with a target spend of about $2 billion.
LTIMindtree fell nearly 3 per cent after the IT services company reported a 4 per cent jump in its net profit of Rs 1,151 crore in the June quarter. The company’s operating revenue for the fourth quarter increased by 14% to Rs.8,702 crore.
HDFC Bank, ICICI Bank, IndusInd Bank, Bajaj Auto, Asian Paints, Infosys, Maruti Suzuki, BPCL and Hindustan Unilever were the main gainers in the morning session.
On the other hand, LTI Mindtree, Tech Mahindra, Titan, Bharti Airtel, Dr Reddy, UltraTech Cement, HDFC Life and Tata Motors were among the biggest losers in this hour.
The broader markets were largely mixed, with Nifty Smallcap 50 down 0.62 percent, Nifty Smallcap 100 down 0.33 percent, Nifty Midcap Select jumping 0.23 percent and India Vix jumping 3.99 percent.
On the sectoral front, Nifty Private Bank jumped by 0.68 percent, Nifty Bank rose by 0.64 percent, Nifty Financial Services rose by 0.54 percent, while the Nifty Media index fell by 1.12 percent, and the Information Technology index declined by 0.39 percent. Cent.
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