Read more about Utilties stocks edge lower on Business Standard. Utilties stocks were trading in red, with the S&P BSE Utilities index decreasing 6.31 points or 0.33% at 1885.32 at 13:48 IST.
Local stocks are trading with small losses in early trade. At 9:25 IST, the barometer index, the S&P BSE Sensex, was down 31.20 points or 0.06% at 49,461.12. The Nifty 50 index was down 21.05 points or 0.14% at 14,543.80.
The S&P BSE Mid-Cap index was up 0.63%. The S&P BSE Small-Cap index was up 0.3%.
The market breadth, indicating the overall health of the market, is strong. On the BSE, 1151 shares rose and 710 shares fell. A total of 72 shares were unchanged.
Stocks in news:
Infosys dropped 2.76%. Infosys net profit jumped 16.6% to Rs 5,197 crore on a 12.3% rise in revenues to Rs 25,927 crore in Q3 December 2020 (Q3FY21) over Q3 December 2019 (Q3FY20). Sequentially, net profit rose 7.3% and revenue increased 5.5% in Q3FY21 over Q2 September 2020 (Q2FY21).
After four days of the minor consolidation, Bank Nifty witnessed a breakout of the range and registered its lifetime high in the initial trading hours.
Read more about Infosys, Wipro to react to their Q3 results on Business Standard. Infosys net profit jumped 16.6% to Rs 5,197 crore on a 12.3% rise in revenues to Rs 25,927 crore in Q3 December 2020 (Q3FY21) over Q3 December 2019 (Q3FY20). Sequentially, net profit rose 7.3% and revenue increased 5.5% in Q3FY21 over Q2 September
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