Stock Market Update: Global signals for the domestic stock market are seen mixed. In today’s business, mixed trends are being seen in major Asian markets. Whereas before the inflation data came out in June, stock futures looked flat.
Earlier on Tuesday, weakness was seen in major US markets. Dow Jones had weakness of 193 points or 0.62 percent and it closed at 30,981.33 level. The S&P 500 index also declined by about 1 percent and closed at 3818.80.
Whereas Nasdaq has also fallen about 1 percent and closed at the level of 11,265. The market fears a slowdown in the economy due to inflation.
Brent crude has seen a decline. In the international market, crude has come to $ 99 per barrel. At the same time, US crude is also weakening and trading at $ 96 per barrel. The 10-year bond yield in the US is at 2.976 per cent. Talking about Asian markets, SGX Nifty is up 0.34 percent.
There is a 0.31 percent weakness in Strait Times, while there is a 0.59 percent gain in Hang Seng. Taiwan Weighted has a strength of 2.75 percent and Kospi is 0.71 percent strong. On the other hand, the Shanghai Composite is seeing a fall of 0.11.
Today on July 13, Mindtree is going to release its financial results for the June quarter. Apart from this, the results of Tata Metaliks, Gujarat Hotels, International Travel House, Premier Polyfilm, Ramasigns Industries, Jupiter Industries & Leasing will also come today.
HCL Technologies June quarter profit fell 8.6 per cent quarter-on-quarter to Rs 3,283 crore. Profits remained low due to pressure on the company’s margins. In rupee terms, revenue grew by 3.8 per cent to Rs 23,464 crore. In dollar terms, revenue grew by 1.1 percent to $3025 million.
Revenue in constant currencyterms has grown by 2.7 per cent. The company announced an interim dividend of Rs 10 per share for the financial year 2023.
Also Read – Stock Market Update Today: Today’s Top Gainers
Keep watching our YouTube Channel ‘DNP INDIA’. Also, please subscribe and follow us on FACEBOOK, INSTAGRAM, and TWITTER.
