BSE NSE Sensex Today, Stock Market Latest Update: January 11 Share Market, Trade BSE, Nifty, Sensex Live News Updates | Sensex crosses 49 thousand for the first time; Infosys becomes fourth largest company in the country, buying heavily in IT shares

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TCS’s strong quarterly results in the market are record high. Today the Sensex opened beyond 49 thousand for the first time. The Sensex is currently trading at 49,207.88, up 425.35 points. The index also touched 49,260 in early trade. IT shares are at the forefront of record boom. The special thing is that IT company Infosys has become the fourth largest company in the country in terms of market cap. Due to the boom, its market cap has increased to Rs 5.83 lakh crore.

The shares of 2,660 companies are traded on the BSE. Out of this, 1,596 shares are trading with gains. That is, 60% of the shares are up. In this, shares of 370 companies are trading at a one-year high. In addition, 300 shares were held in the upper circuit. Due to the all-round rise, the total market cap of the companies listed in the BSE has crossed Rs 196.74 lakh crore.

Nifty also reached record level

Similarly, the Nifty index is trading at 14,444.70, up 97.45 points. In this, the share of IT company Infosys is trading up 3.21%. Apart from this, shares of HCL Tech and Wipro are also up 2-2%. The Nifty IT index is also trading up 1.60%. Shares of Tata Motors and Bharti Airtel are also trading up 2-2%. On the other hand, Tata Steel and Hindalco shares have fallen more than 2% due to the rise in metal stocks. The Nifty Metal Index is trading down 1.25%.

Big reason for market boom

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

Today, the stock market around the world was recorded on Friday due to the news of the announcement of new relief package in America. 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.

10:40 AM The stock of Vedanta in BSE is trading down 3.13%. The company has announced an open offer for 37.2 crore shares at a price of Rs 160.

10:37 AM Avenue Supermart Yi DeMart shares in the BSE is trading at 1.73%. The stock made New High a year in business today. The company’s consolidated profit grew 16% to Rs 447 crore in December.

10:08 AM Shares of 8 out of 10 metal companies in the BSE Metal Index are down, while two are trading up. Union Minister Nitin Gadkari on Sunday announced steel and cement companies

10:03 AM The BSE Sensex is trading up 436.27 points at 49,218.78 and the Nifty is up 117.90 points at 14,465.15.

10:00 am The Nifty IT index is trading up 1.99%. Infosys stock is trading up 3.42%. Apart from this, shares of HCL Tech, Wipro and Emphasis are up more than 2-2%.

Source -NSE

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

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.

The condition of markets around the world