Nifty, Sensex head higher– Wednesday Closing Report
Moneylife Digital Team 12 January 2022
On Wednesday, the indices opened higher and ended with gain. On the National Stock Exchange (NSE), 1,105 stocks advanced, 942 declined, and 43 remained unchanged with advance decline ratio of 1.17.
 
The trend of the major indices on Wednesday’s trading are given in the table below:
 
 
Infosys’s Q3FY21-22 net profit increased by 12% to Rs 5,807 crore and revenue grew 23% to Rs 31,867 crore. The company has revised its revenue guidance upwards to 20% as compared 17% earlier. The stock closed 1% higher.
 
Wipro’s Q3FY21-22 net profit was flat and revenue from operations increased by 30% to Rs 20,313 crore. It has declared a dividend of Rs1 per share.
 
Delta Corp’s Q3FY21-22 revenue more than doubled to Rs 284 crore and profit also increased multi fold to Rs 70 crore against Rs 1 crore on a year-on-year basis. It has announced IPO of its online gaming subsidiary Gaussian Networks Ltd in the next financial year.
 
Ashok Leyland has signed MoU (memorandum of understanding) with Aidrivers, a global specialist in AI-enabled autonomous solutions. They will work together to develop autonomous solutions for industrial applications. The stock closed 2% higher.
 
Ease My Trip’s board has approved issuance of bonus share in the ratio of 1:1.  Leading edtech companies have formed a self-regulatory body named India EdTech Consortium. 
 
Federal Bank is set to raise Rs 700 crore by issuing bonds on a private placement basis. The stock closed 2% higher.
 
Tech Mahindra has partnered with Nokia to proved 5G solutions for business organisations.
 
Vodafone Idea share closed 9% higher after the management clarified that the government has no intent to run the company and no nominees of government will be on the board. 
 
The top gainers and top losers of the major indices are given in the table below:
 
 
The closing values of the major Asian indices are given in the table below:
 
 
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