Today, the stock market opened with a decline on the second trading day of the week or Tuesday. Mumbai Stock Exchange (BSE)’s major index Sensex and National Stock Exchange (NSE)’s Nifty both fell heavily. On the BSE Sensex, 419.18 points (0.71 percent) broke down at 58545.39. On the other hand, the Nifty of NSE moved down by 123.00 points (0.70 percent) and opened at the level of 17552. This was the condition of the giant stocks at 9:45 am:
Keeping an eye on the sectoral index
In this period, the biggest fall happened in Nifty Metal. It fell 2.29 per cent. Apart from these, Nifty Bank, Auto, Finance Service, FMCG, IT, Media, Pharma, PSU Bank, Private Bank, and Realty are also trading on the red mark.
Global market condition
The US markets closed with a decline according to international markets. The European markets showed mixed trends. The Dow Jones lost 1.19 per cent, the S&P 500 lost 1.69 per cent, the Nasdaq lost 2.18 per cent, the FTSE 100 lost 0.67 per cent, and the DAX lost 0.64 per cent. The CAC 40, however, gained 0.12 percent.
TCS net profit up 7.4 per cent in Q4
The largest software exporter in the country, Tata Consultancy Services (TCS), had revenues exceeding Rs 50,000 crores for the first time during the fourth quarter ended March 2022. In FY 2021-22, the company’s net profit rose 7.4 per cent to Rs 9,926 crore in the fourth quarter (January-March). After this, the company’s stock is rising today. As of the time of writing this story, its share price stood at 3713.95, up 17.55 points. The company’s market capitalization stands at Rs 13,59,264.40 crore at present.