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Sensex rises 160 and Nifty hits 36 points; Infosys shares jump 7%

Business

  • DHFL shares fall by 29%; In the March quarter, the company got Rs 2223 crore. Loss of money, fear of bankruptcy
  • The company said – working on such a resolution plan, that the lenders should not suffer any loss

Mumbai. The stock market remained in profit on the first day of the week. The Sensex climbed 160.48 points to close at 38,896.71. During the business, 288 points had reached up to 39,023.97. Nifty closing ended 35.85 points higher at 11,588.35. In Intra-Day, it touched a level of 66 points and touched a level of 11,618.40.

Infosys’ market capitalization of Rs 17,636 crore , 15 out of 30 Sensex and 27 out of 50 Nifty closed with decline. Seven out of 11 sector indexes are on the NSE PSU bank index slipped 2.52%. IT Index, on the other hand, has the highest profit of 2.76%. Infosys shares rose 7%. The market capitalization of this boom increased to Rs 3,34,777 crore from Rs 17,636.08 crore. The company had announced the increase in revenue guidance for the full fiscal year in the results of the April-June quarter announced on Friday.

Nifty’s top-5 ganners

share Edge
Infosys 7.24%
Sun pharma 3.12%
UPL 2.85%
Tech Mahindra 2.07%
Maruti 1.82%

Nifty’s top 5 losers

share The fall
Indiabulls Housing Finance 4.35%
IndusInd Bank 2.39%
Larsen and Toubro 1.83%
Bharti Airtel 1.43%
Yes Bank 1.43%

Shares of DHFL closed 32% in intra-day Deewan Housing Finance Corporation Limited (DHFL) closed at 29.80% with a fall of 29.78% on NSE at Rs 48.10. During the turnover, 32% had come down to Rs 46.15. In the January-March quarter, the company had a loss of Rs 2,223 crore. Due to poor financial condition, the company is afraid of bankruptcy. However, the company said on Monday that working on such a resolution plan did not cause the lenders to suffer losses.

Allahabad Bank’s share declined 8%, NSE shares closed 7.74% down at Rs 43.50 In intra-day, 14% had dropped. On Saturday, the bank gave information about the fraud of bankrupt company Bhushan Power and Steel worth Rs. 1,775 crore. According to analysts, therefore, the sale of Allahabad Bank has become dominant.

Stocks of Future Enterprises Rolled 8.5%, the NSE closed at 8.59% and closed at Rs 29.25. During the turnover 10% fell. The Directorate of Revenue Intelligence (DRI) arrested the company’s CFO Dinesh Maheshwari on Friday. Maheshwari is accused of stolen custom duty of Rs 14.58 crore

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