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Indices hit day s low; broader market trades firm

Indices hit day s low; broader market trades firm
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Stocks to watch: TCS, Shyam Metalics, Tata Motors, PNB Housing, HDFC

Here are the top stocks that are likely to be in focus today: Earnings Today: TCS, Gammon Infrastructure Projects, and Shyam Metalics and Energy will release their quarterly numbers on Thursday. Analysts expect TCS to post PAT growth of 30-36 per cent and revenue growth of 19-20 per cent, on a yearly basis, led by a low base of last year, strong seasonality, digital traction and ramp-up of deals. Tata Motors: The stock of the home-grown automaker will be in focus after Jaguar Land Rover assured the investors that it sees a strong rebound in overall volumes and cash flow in the second half of the year although the company stayed clear of giving any fresh guidance FY22.

Market trading on a flat note; breadth strong

Key benchmark indices are trading near flat line in early trade. At 9:25 IST, the barometer index, the S&P BSE Sensex, was up 18.23 points or 0.03% at 53,072.99. The Nifty 50 index was down 3.90 points or 0.02% at 15,875.75. Asian stocks are trading mixed. The S&P BSE Mid-Cap index was up 0.48%. The S&P BSE Small-Cap index was up 0.53%. The market breadth, indicating the overall health of the market, is strong. On the BSE, 1728 shares rose and 795 shares fell. A total of 85 shares were unchanged. Stocks in news: Software services heavyweight Tata Consultancy Services (TCS) rose 0.25%. TCS will announce Q1 result today, 8 July 2021. REC gained 2.19%. REC has priced US$ 400,000,000, 2.75% Reg. S Notes due 2027 on 6th July, 2021 under its USD 7 Billion Global Medium Term Note Programme (the Notes ). The Notes will mature on 13th January, 2027 and all principal and interest payments will be made in U.S. Dollars. The settlement date for the Notes is expected to be 13th July, 2021.

Sensex tumbles 486 pts on weak global cues

Sensex tumbles 486 pts on weak global cues
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