Indices at previous closing
Nifty50: 17,392 ▲256 (+1.4%)
Sensex: 57,911 ▲874 (+1.5%)
Nifty Bank: 36,816 ▲501 (+1.3%)
For more updates on F&O, click here.
HCL gets earnings boost
HCL Tech’s Q4 net profit of ₹3,593 crore beat street estimates as it rose 4.39% quarter-on-quarter. Meanwhile, its revenue rose 1.19% sequentially to ₹22,597 crore, which was in line with the street’s expectations.
The company sprung a surprise on the attrition front. While IT majors like Infosys and TCS reported rising attrition rates, HCL Tech was able to reduce it to 9.9% from 19.8% QoQ.
L&T Tech Q4 profit rises
Engineering services company L&T Technology Services reported a 5.3% increase in its consolidated net profit to ₹262 crore in Q4 as compared to the preceding quarter. The profit was in line with street estimates. This was on a 4.1% rise in revenue to ₹1,756 crore.
Its digital and leading-edge technologies businesses contributed 57% to revenues during the period. Its trailing 12-month attrition rate at the end of the quarter grew to 20.4% as against 17.5% at the end of Q3 FY22.
DLF to build office space
With companies moving back to working from office, DLF plans to invest ₹1,700 crore to develop 37 lakh sq ft of office space in Noida. An office tower spanning 4.5 lakh sq ft and a data centre are the first ones on the list.
According to the management, office demand will be robust in the coming months as low-cost space solutions along with English-speaking talent will continue to attract MNCs. The real-estate company has leased 3.6 lakh sq ft space to a Singapore-based company.
Sectoral indices (April 21)
| Top gainers | Top losers |
| Nifty Auto ▲ 2.2% | Nifty Media ▼ 0.1% |
| Nifty Financial Services ▲ 1.5% | NA |
Global markets (at 7:30 AM today)
| Indices | Today's movement |
| SGX Nifty | ▼ 1.3% |
| Nikkei 225 (Japan) | ▼ 1.9% |
| Hang Seng (Hong Kong) | ▼ 1.9% |
| SSE Composite (China) | ▼ 0.6% |
| Dow Jones (US) (April 21) | ▼ 1.0% |
| NYSE (US) (April 21) | ▼ 1.5% |
| Nasdaq (US) (April 21) | ▼ 2.0% |
| S&P 500 (US) (April 21) | ▼ 1.4% |
Fact of the day
Nearly 20% of all materials used in Apple products in 2021 were recycled.
Source: Moneycontrol
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