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₹3,534 crore. Sequentially, the net profit declined by 11.27% as compared to ₹3,983 crore in the March quarter. HCL Technologies’ consolidated revenue grew 12.06% to ₹26,296 crore during the quarter under review from ₹23,464 crore in Q1 of FY23.

Tata Consultancy Services (TCS) reported a higher-than-estimated June quarter profit on Wednesday, shares of IT major rose over 1%, making it one of the best Sensex performers in Thursday's early trade. While foreign brokerage Nomura maintained a ‘Reduce’ rating on the stock, Motilal Oswal and Nuvama retained their ‘Buy’ stance on the counter. The technology major reported a nearly 17% year-on-year (YoY) rise in consolidated net profit for the June quarter to Rs 11,074 crore.

BSE-S0003051" data-name="Tata Consultancy Services">Tata Consultancy Services (TCS) Ltd., experienced its weakest fiscal year start since becoming public in 2004. Prior to Q1FY24, Mint noted that TCS's worst growth at the beginning of the fiscal year occurred in the first quarter of 2008, when the global financial crisis caused bank instability and ultimately harmed IT services companies like TCS, which increased its sequential revenue by 0.5%. On Thursday's trading session, TCS share price opened at ₹3,276 apiece on BSE.  On Wednesday, IT major announced a consolidated net profit (attributable to the company's shareholders) of ₹11,074 crore for the first quarter of the current fiscal year that ended in June (Q1FY24), representing an increase of 16.84% on a year-over-year basis.In the same period last year, the company generated a profit of ₹9, 478 crore.

Shriram Finance with a target price of Rs 1880. The current market price of Shriram Finance is Rs 1812.1.

Prime Day two-day shopping event saw U.S. online sales rise nearly 6% to $6.4 billion from a year ago on its first day, as heavy discounts lured bargain-hunting customers who splurged on appliances and toys, Adobe Analytics data on Wednesday showed. U.S.

Zensar Tech: Buy at ₹396.40, target ₹414, stop loss ₹390;2] Syngene International: Buy at ₹780, target ₹811, stop loss ₹768; and3] VRL Logistics: Buy at ₹736, target ₹764, stop loss ₹722. (Read More)Housing Development Finance Corp., India’s largest mortgage lender, took its last bow from the stock market on Wednesday with a record high volume of ₹11,567.44 crore and the highest-ever deliverable quantity of 33.8 million shares, indicating that investors and traders took delivery ahead of the record date on 13 July to be eligible for receiving the merged HDFC Bank shares.In addition to fresh buying, those holding derivatives positions on NSE would have also opted for delivery as all derivatives contracts remaining open by the end of trade on 12 July would result in compulsory delivery, given the attractive swap ratio, said analysts.

Day trading guide for today: Indian stock market snapped two days winning streak and ended lower on Wednesday session. 50-stock index Nifty lost 55 points and closed at 19,384 levels whereas 30-stock BSE Sensex went down 223 points and finished at 65,393 mark. Bank Nifty index corrected 105 points and closed at 44,639 levels.

Buy or sell stocks for today: Indian stock market extended its sideways trend for yet another session on Wednesday. NSE Nifty snapped two days winning streak and ended 55 points lower at 19,384 levels. BSE Sensex shed 223 points and closed at 65,393 mark while Bank Nifty index lost 105 points and finished at 44,639 levels.

Granules India, a part of the pharma space, witnessed base formation above 200-EMA on the weekly charts in June, and is on the verge of a 6-month breakout from a consolidation range.Short-term traders can look to accumulate the stock in the range of Rs 305-315 for a near term target of Rs 360 in 1-2 months, suggested experts.The stock hit a 52-week high of Rs 381 on November 4, 2022, but failed to hold on to the momentum.

Investing.com — It’s one thing to run ahead of the pack. It’s another to do so with blinkers on, as oil bulls demonstrated Wednesday, charging into higher territory by ignoring bearish U.S. inventory data and a Fed official’s caution that cooling inflation did not mean the central bank was ready to stop rate hikes.

Investing.com — Stocks rose on Wednesday after evidence that inflation cooled more than expected in June stoked hopes that the Federal Reserve could get to the end of its interest rate increases sooner rather than later.

Nabard to fix targets for financing agriculture sector and rural development for the next 25 years when India will complete 100 years of Independence as he revealed how a letter written by a woman rural dairy farmer led to the dawning of the idea of 'Cooperation Among Cooperatives', being toyed with by the government. Addressing the 42nd Foundation Day of National Bank for Agriculture and Rural Development (Nabard), the minister said, «Today district cooperative banks have started issuing Rupay Kisan Credit Cards to farmers. This all began with a letter written by a poor rural woman in the Banaskandha district.

(Reuters) — U.S. economic activity increased slightly in recent weeks, and expectations were for continued slow growth in coming months, a Federal Reserve report published on Wednesday showed.

(Bloomberg) — The Bank of Canada raised interest rates for a second straight meeting, pushing back the timeline for inflation’s return to target while revising growth upward.

Laurentian Bank of Canada would likely attract interest from all of the major Canadian banks and could fetch around $2.6 billion if it puts itself up for sale, according to National Bank of Canada analyst Gabriel Dechaine.

The Bank of Canada raised it benchmark lending rate 25 basis points to five per cent on July 12, adopting what economists called a “hawkish tone” and reminding Canadians that bringing inflation back to the two per cent target remains its priority.

GST Council's decision to levy a 28% tax on online gaming is a huge blow to India's goal to become a USD 1 trillion digital economy by 2025, industry body IAMAI said on Wednesday. The Internet and Mobile Association of India (IAMAI), which represents internet based companies, said that the net effect of 28% GST (Goods and Services Tax) levy will result into around 1,000% increase in tax on the industry, cause irreversible damage to the USD 2.5 billion investments in the Indian online gaming startup ecosystem, and lead to a complete halt on any prospective foreign direct investment (FDI).

(Reuters) — Inflation in Russia accelerated in June, data from the state statistics service Rosstat showed on Wednesday, a little over a week before the central bank is expected to hike interest rates for the first time in more than a year.

Reuters poll of 55 economists. Apart from the retail inflation, the food inflation also surged to 4.49 percent against a revised 2.96 percent in May.

Cathie Wood founded ARK Investment Management back in 2014. She chose the name «ARK» because it stands for Active Research Knowledge and also alludes to the Ark of the Covenant, as she is a devout Christian.

By Steve Scherer and Ismail Shakil