BSE NSE Sensex Today, Stock Market Latest Update: January 11 Share Market, Trade BSE, Nifty, Sensex Live News Updates | Impact of TCS’s strong quarterly results; Sensex crosses 49 thousand for the first time, market cap is also Rs 197 lakh crore. Close

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The market opened beyond 49 thousand for the first time due to TCS’s strong quarterly results. The Sensex is currently trading up 416 points at 49,198.90. The index also touched 49,260 in early trade. Infosys shares lead in the index boom. The stock is trading with a gain of over 3.58%. Apart from this, TCS is also trading up 1.60%. On the other hand the Nifty index is trading at 14,458.65, up 111.40 points. Due to all-round rise, the total market cap of the companies listed in the BSE has crossed Rs 196.93 lakh crore.

TCS strong quarterly results

TCS produced impressive results in the December quarter due to the festive season. Consolidated revenue of the company increased 4.7% over the September quarter. This is the fastest growth in nine years. Earlier, in October-December 2011, 13.5% growth was recorded. Annual growth was 5.4% in revenue and 7.2% in profit. The company reported a business of Rs 42,015 crore in the quarter. It has a profit of Rs 8,701 crore. It had a profit of Rs 8,118 crore in the December 2019 quarter.

Heavy foreign investment

So far in January, foreign investors have made a net investment of Rs 4,819 crore. However, it is Rs 9,264 crore in provisional figures. On Friday alone, I had invested more than 6 thousand crores. A total investment of 62 thousand crores was made in December last year. Out of this, an investment of Rs 41,898 crore was made between December 1 and 15, and Rs 20,118 crore between December 16 and 31. FII’s total investment in equity in 2020 has been Rs 1.60 lakh crore.

Boom in global markets

The stock market worldwide had gained momentum on Friday after the news of the announcement of a new relief package in the US. South Korea’s Copsy closed up 3.97%. Hong Kong’s Hangseng closed up 1.20% and Japan’s Nikkei index up 2.36%. On the other hand, China’s Shanghai Composite was down. At the same time, the US markets Nasdaq index closed up 1.03% and the S&P 500 index was up 0.55%. Apart from this, there was also an increase in the stock markets of Europe.

The market closed at a record high on Friday.

The Nifty closed at 14,347.25 at 48,782.51 on Friday in the previous week. On the Bombay Stock Exchange (BSE), an increase of 54% in total shares was recorded. Maruti and Tech Mahindra were at the forefront of the Sensex rally. Their shares had gained more than 5-5%. Total market cap of BSE was also increased by Rs 2.40 lakh crore to Rs 195.63 lakh crore due to all-round rise.

09:27 AM Shares of 17 of the 30 companies included in the BSE Sensex are up, while 13 are trading with a decline. In this, Infosys shares are trading up 3.77%.

Source -BSE

Source -BSE

09:15 AM The BSE Sensex opened up 469.8 at 49,252.31 and the Nifty opened 126.8 points at 14,474.05.

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