Sensex Rises 50 Pts, Touches 66,000 Mark, Nifty Firm Above 19,600; Hero MotoCorp, Dr Reddy’s, NTPC Gain Up To 2.5%

It’s going to be an earnings-heavy day as an array of companies are slated to release their June quarter numbers today.

Some of the prominent names include Coal India, Hindalco, Data Patterns, Happiest Minds Technologies, and Ideaforge Technology, among others.

HDFC Bank: The bank’s weightage is expected to increase in the FTSE Emerging All Cap Index. The increase in weightage will be done in three phases: in September, December, and March index reviews. The weightage will increase from 0.81 per cent to 1.52 per cent. The inflows post-weightage increase will be between Rs 3,700 crore and Rs 4,150 crore.

Tata Chemicals: Tata Chemicals, part of the Tata Group, on Monday, reported a 9.67 per cent decline in consolidated net profit at Rs 532 crore during the April-June quarter of the current financial year. The company’s net profit stood at Rs 589 crore during the corresponding period of the previous fiscal, Tata Chemicals said in a regulatory filing. Revenue from operations of the company grew by 5.58 per cent during the quarter under review at Rs 4,218 crore compared to 3,995 crore in the same period of the previous year.