Last updated: April 21, 2023, 9:34 AM IST
Sensex today: Indian indices opened flat with a positive bias on April 21 amid weak global signals.
In early deals, the S&P BSE Sensex rose more than 100 points to 59,750, while the Nifty50 tested 17,650.
In the broader market, the BSE MidCap fell slightly, while the SmallCap index added 0.14 percent.
Shares of HCL Technologies rose more than 2 percent as the IT company reported better-than-expected results for Q4FY23. The company posted a net profit of Rs 3,983 crore for the quarter. This was an increase of 10.8 percent year-over-year (YoY).
Cyient rose 7 percent as it posted a net profit of Rs 163 crore in Q4FY23, up 5.5 percent year-on-year. Net profit increased by 4.5 percent consecutively. Revenue from operations in the fourth quarter was up 30 percent year-on-year to Rs 1,751.4 crore.
Vodafone Idea shares also rose more than 5 per cent as Aditya Birla Group (ABG) Chairman Kumar Mangalam Birla has returned as a non-independent and non-executive additional director after a nearly 2-year hiatus from the company, under subject to shareholder approval.
Global signals
Asian equities went to their worst week in a month and a half on Friday and oil led to losses, while bonds made their best bid in weeks as US data and earnings showed signs of weakness. Overnight figures showed that more Americans were filing claims for unemployment benefits and mid-Atlantic manufacturing activity fell to its lowest level in nearly three years.
Shares in Tokyo opened lower on Friday, tracking fell on Wall Street as auto sector woes weighed on the market. The benchmark Nikkei 225 index fell 0.24 percent, or 68.01 points, to 28,589.56 in early trading, while the broader Topix index lost 0.35 percent. or 7.11 points, to 2,032.62.
Major US stock indices ended lower on Thursday after disappointing quarterly reports from Tesla and AT&T, among others, while investors sought clarity about interest rate developments.
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