Business

MARKETS: Sensex, Nifty hit fresh record peak lifted by L&T, bank, IT stocks – Business Standard

to fresh lifetime high of 53,229, up 300 points or 0.54 per cent. It’s NSE counterpart, Nifty50, scaled new peak of 15,941.

The BSE MidCap index added 0.22 per cent while the BSE SmallCap index advanced 0.52 per cent.

Earnings today

A total of 22 companies, including Wipro, Angel Broking, Tata Elxsi, L&T Infotech and Cyient are slated to post their quarterly numbers today.

Analysts believe Wipro’s net profit could jump 14-19 per cent YoY in Q1FY22 on 17-19 per cent growth in topline. A contraction in EBIT (earnings before interest and tax) margins sequentially is a given, which in turn would drive PAT sequentially, they said.
 

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