Asian markets traded higher on Friday, led by buying in semiconductor stocks on renewed optimism over AI-driven demand.
US stock market ended higher on Thursday, led by a rally in chip stocks.
Here's a table showing how US stocks performed on Thursday:
Stock/Index | LTP | Change ($) | Change (%) | Day High | Day Low | 52-Week High | 52-Week Low |
|---|---|---|---|---|---|---|---|
Alphabet | 356.24 | -2.47 | -0.69% | 356.73 | 348.66 | 404.44 | 175.75 |
Apple | 316.22 | 2.83 | 0.90% | 316.53 | 308.16 | 317.4 | 201.5 |
Meta | 631.48 | 28.36 | 4.70% | 633.27 | 577.07 | 796.25 | 520.26 |
Tesla | 406.55 | 12.62 | 3.20% | 407.86 | 390.86 | 498.82 | 297.82 |
Netflix | 75.47 | -0.12 | -0.16% | 75.55 | 74.02 | 128.96 | 70.86 |
Amazon | 247.04 | 3.42 | 1.40% | 247.5 | 238.25 | 278.56 | 196 |
Microsoft | 384.36 | 1.02 | 0.27% | 384.65 | 373.35 | 555.45 | 349.2 |
Dow Jones | 52487.41 | 139.02 | 0.27% | 52574.89 | 52249.44 | 53289.3 | 43340.68 |
Nasdaq | 29727.1 | 474.54 | 1.62% | 29773.74 | 29398.47 | 30762.2 | 22669.37 |
Source: Equitymaster
At present, the BSE Sensex is trading 762 points higher, and the NSE Nifty is trading 236 points higher.
Tech Mahindra, TCS, and HCL Tech are among the top gainers today.
Bharti Airtel, Eternal, and Sun Pharma, on the other hand, are among the top losers today.
The BSE 150 Midcap index is trading 0.9% higher, and the BSE 250 SmallCap index is trading 1% higher.
Baring the healthcare sector and the telecommunication sector, all other sectoral indices are trading positive today, with stocks in the metal sector and IT sector witnessing buying.
The rupee is trading at Rs 95.3 against the US dollar.
TCS Q1FY27 Performance
TCS reported a mixed set of Q1 results. Revenue grew 13.9% year-on-year to Rs 722.8 billion, while net profit increased 4.6% to Rs 133.5 billion.
Operating profit (EBIT) rose 11.6% to Rs 173.2 billion. However, the EBIT margin slipped slightly to 23.95% from 24.45%, indicating a modest decline in profitability despite stronger revenue growth.
The company also announced an interim dividend of Rs 12 per share for shareholders.
Government Approves Dixon-Vivo Smartphone Manufacturing JV
The government has approved the joint venture between Dixon Technologies and Vivo Mobile India to manufacture smartphones and other electronic devices in India.
Under the partnership, Dixon will hold a 51% stake, while Vivo Mobile India will own the remaining 49%.
The new company will primarily manufacture smartphones for Vivo but can also produce electronic products for other brands.
The approval comes after the government eased foreign investment rules for countries sharing a land border with India, including China.
Dixon said the partnership will strengthen its position in India's Android smartphone manufacturing ecosystem and enhance its manufacturing capabilities.
Havells India Enters BESS With Pixii Partnership
Havells India has partnered with Norway-based Pixii AS to develop and launch advanced Battery Energy Storage Systems (BESS) in India.
The partnership combines Havells' manufacturing capabilities and nationwide distribution network with Pixii's energy storage technology to offer reliable and scalable solutions for residential, commercial, and industrial customers.
The collaboration will begin with pilot projects to assess market demand, followed by the development of integrated energy storage solutions. Over time, both companies plan to manufacture these products in India and create solutions tailored to the needs of Indian customers.
Comments
Log in or sign up to join the conversation.