The company has also outlaid a capital expenditure of Rs 3,000 crore for its European operations as its focus is to make the business “stronger”.
The survey also found that 40.2% of Indian youth were willing to invest more now as compared to the pre-pandemic times.
Sectoral indices on the NSE were mixed. Nifty Pharma falling nearly 1% was the top sectoral laggard followed by Nifty Media and and Nifty Auto.
Retail sales in China rose 8.5% in July as compared with a year ago, according to official data released Monday.
For quite some time we have been maintaining our cautious stance on the markets
Trend in global stock markets, progress of monsoon, the movement of rupee against the dollar and crude oil prices will dictate the trend on the bourse
Ample liquidity in the system, record participation of retail investors, improving macros and earnings are set to provide further push to markets
Jay Thakkar, Vice-President & Head of Equity Research at Marwadi Shares and Finance, says trend in market remains quite positive in short-term
TCS, closing over 3% higher, was the top Sensex gainer, followed by L&T, Bharti Airtel, HCL Tech, Tata Steel, Bajaj Auto and RIL
Positive domestic macroeconomic data, strong global cues, robust Q1FY22 earnings and IPO refunds drove sentiments