{"id":36833,"date":"2023-07-27T04:17:07","date_gmt":"2023-07-27T04:17:07","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2023\/07\/27\/sensex-nifty-rise-on-firm-asian-cues-tech-mahindra-slumps-4\/"},"modified":"2023-07-27T04:17:07","modified_gmt":"2023-07-27T04:17:07","slug":"sensex-nifty-rise-on-firm-asian-cues-tech-mahindra-slumps-4","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2023\/07\/27\/sensex-nifty-rise-on-firm-asian-cues-tech-mahindra-slumps-4\/","title":{"rendered":"Sensex, Nifty Rise On Firm Asian Cues, Tech Mahindra Slumps 4%"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Indian shares opened on a buoyant note Thursday, tracking firm cues from other Asian <span class=\"landLinks\">markets<\/span> after the U.S. Federal Reserve announced a 25-bps rate hike and left the door open for future hikes.<\/p>\n<p>The benchmark S&amp;P BSE Sensex was up 270 points, or 0.4 percent, at 66,977 in early trade, while the broader NSE Nifty index was up 88 points, or half a percent, at 19,866.<\/p>\n<p>Cipla jumped 8 percent after reporting encouraging earnings results. <br \/>Jindal Stainless rallied over 2 percent as it reported 45 percent growth in Q1 net profit.<\/p>\n<p>Marico added 1.6 percent on news it would acquire 58 percent stake in Plix, a plant-based nutrition brand, for Rs 369.01 crore.<\/p>\n<p>Bharti Airtel, Bajaj FinServ, Divis Laboratories and Hindalco climbed 1-2 percent. <\/p>\n<p>Axis Bank edged down slightly despite reporting a 41 percent jump in Q1 net profit.<\/p>\n<p>RBL Bank fell about 1 percent after Mahindra and Mahindra acquired a 3.53 percent stake in the bank for Rs 417 crore.<\/p>\n<p>Rail Vikas Nigam tumbled 4 percent after the Centre announced an offer for sale to offload 5.36 percent stake in the company. <\/p>\n<p>Tech Mahindra slumped 4 percent on reporting disappointing Q1 numbers. <\/p>\n<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>Sensex, Nifty Rise On Firm Asian Cues, Tech Mahindra Slumps 4%<\/a><br \/>\n<br \/>2023-07-27 04:17:07<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian shares opened on a buoyant note Thursday, tracking firm cues from other Asian markets after the U.S. Federal Reserve announced a 25-bps rate hike and left the door open&#8230;<\/p>\n","protected":false},"author":2,"featured_media":36834,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[],"class_list":["post-36833","post","type-post","status-publish","format-standard","has-post-thumbnail","category-asian-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/36833","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=36833"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/36833\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/36834"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=36833"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=36833"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=36833"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}