Zomato IPO ends with a bang

Nifty50: 15,923 ▼-0.8 (-0.0%)
Sensex: 53,140 ▼-18 (-0.0%)


After making a new high yesterday, markets remained flattish today. The advance:decline ratio was largely even with 23 stocks closing in the green.

Among the Nifty sectoral indices, Pharma (+1.1%) and Realty (+1.1%) were the top gainers, whereas IT (-1.0%) and Bank (-0.4%) fell the most.

Top gainers Today's change
Divis Lab ▲ 3.4%
Bharati Airtel ▲ 2.9%
UltraTech Cement ▲ 1.8%

Top losers Today's change
HCL Tech ▼ 3.2%
Eicher Motors ▼ 1.8%
Infosys ▼ 1.5%

Here are the top stories of the day.

L&T Infotech reports healthy Q1


Cyient soars after strong Q1 results


Investors lap up IPOs


Tata Steel Long reports a profitable Q1


Closing bell

This week, the markets gained 1.4% and ended at life-time high levels on a weekly basis. The energy stemmed from strong results of IT companies announced this week and hopes of economic revival. In the next week, in the absence of any major data releases, the focus will be completely on June quarter earnings. Some of the largest Indian companies, including Reliance Industries, Asian Paints, and Bajaj Finance, are expected to declare their results. As a result, Indian markets may continue to remain disconnected from those of the international indices in the days ahead.


Good to know

What is capital expenditure?
Capital expenditure or capex refers to investment a company makes to acquire or maintain fixed assets, such a plant, machinery or buildings. If a company thinks that the demand for its products or services is increasing, it may invest in upgrading or increasing capacities if its existing capacity may fall short. A company’s capital expenditure is shown on the assets side of the balance sheet. This is because capex is used to create assets for the business rather than as an expense.


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