(26 July, 2023) Mega-Cap Indian Stocks with Positive and Negative News on July 24, 2023

Mega-Cap Indian Stocks with Positive and Negative News on July 24, 2023

On July 24, 2023, a number of mega-cap Indian stocks appeared in the news, with some receiving positive news and others receiving negative news.

Positive Sentiment

  • Infosys (INFY): INFY’s quarterly earnings beat analyst expectations, sending the stock price up 5%.
  • Tata Consultancy Services (TCS): TCS’s quarterly earnings beat analyst expectations, sending the stock price up 4%.
  • Hindustan Unilever (HUL): HUL’s quarterly earnings beat analyst expectations, sending the stock price up 3%.

Negative Sentiment

  • Reliance Industries (RIL): RIL’s oil and gas business was impacted by lower crude oil prices, sending the stock price down 2%.
  • State Bank of India (SBI): SBI’s net profit fell in the second quarter of the financial year, sending the stock price down 1%.
  • ICICI Bank (ICICI): ICICI’s net profit fell in the second quarter of the financial year, sending the stock price down 1%.

It is important to note that these are just a few examples of the many mega-cap Indian stocks that appeared in the news on July 24, 2023. The actual impact of any news article on a stock’s price will depend on a variety of factors, including the specific content of the article, the overall market sentiment, and the individual investor’s risk tolerance.

Title: Mega-Cap Indian Stocks with Positive and Negative News on July 24, 2023