Earnings booster to markets: Sensex gains over 200 points, Nifty nears 9,900 again; Mastek jumps 20%

Earnings booster to markets: Sensex gains over 200 points, Nifty nears 9,900 again; Mastek jumps 20%

Earnings booster to markets: Sensex gains over 200 points, Nifty nears 9,900 again; Mastek jumps 20%

HomeMarket market increases market: Sensex gaining more than 200 points, skilled is approaching 9900 yet; Mastek jumps 20%

Rising profit in the markets: Sensex gaining more than 200 points, skillful is about new 9900; Mastek jumps 20%
Domestic markets are trading higher today because of optimism gains with the Sensex benchmark gaining more than 200 points to rise above 31,900.

The first quarter earnings of companies are still increasing in market shares increasing to 20% after announcing the results.
The Sensex rose 0.65% to 31 919.29, after falling again at 1.1% on Tuesday, its biggest daily percentage drop this year.

Domestic markets are trading higher today because of optimism gains with the Sensex benchmark gaining more than 200 points to rise above 31,900.

The first quarter earnings of companies are still increasing in market shares increasing to 20% after announcing the results.

Shares of pharmaceutical company Aurobindo Pharma rose in the hope of higher sales in the US. And major consumer goods Hindustan Unilever has peaked after its earnings surpassed expectations in June.

The Sensex rose 0.65% to 31 919.29, after falling again at 1.1% on Tuesday, its biggest daily percentage drop this year. The widest Nifty 50 rose 0.63% to 9 889/35 after falling 0.9% Tuesday.

Mastek Ltd. shares rose 20% after consolidated net profit group for April-June, the company increased more than six-fold to Rs 14.66 crore.

The stock has surpassed Rs 358.8 few minutes of the session after the publication of the results. While shares of Bajaj Finance Ltd gained 4.29% to Rs 1,577.85 after the company’s net profit rose 42% to Rs 602 crore compared to Rs 424 crore in the same period of last year .

Shares of fiber-optic cable maker Sterlite Technologies rose 7.84% to Rs 170.5 after the company’s consolidated net profit rose 63% to Rs 67.83 crore compared to 41.64 crore in the same Quarter of last year.

Shares of GNA Ejes gained 7.54% to Rs 286.5 after the company’s net profit rose 41.86% to Rs 11.08 crore from Rs 7.81 crore a year ago The same period.

One of the largest manufacturers of electrical equipment in India, Havells shares grew 5.49% to Rs 488. However, the group’s net profit from April to June decreased by 17.12% to Rs 121 million rupees compared to Rs 1.46 million rupees last year same quarter profits.

Other shares traded mainly on the back of better profits are: (+ 4.04%), Banco Canara (+ 0.8%), KPIT Technologies (+ 2.51%), Amtek Auto , Bajaj Finserv (up 2.67%), MindTree (+ 0.29%) and Sutlej Textiles (+ 1.32%), while MPS 2.01% drop.

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