In the early sessions before the Dalal Street opening, the GIFT Nifty traded in red but later recovered to a flat-to-positive range. 

Domestic benchmark indices NSE Nifty 50 and S&P BSE Sensex ended the trading session on Thursday broadly in green after touching new all-time highs again. BSE Sensex jumped around 475 points or 0.71% to end at a fresh all-time closing high of 67,571.90.

Nifty 50 settled at 19,979.15, a jump of 0.74% or 146 points from Wednesday’s close. The index was a whisker away from 20,000 points at its intraday high of 19,992 points. Market participants expect the NSE Nifty50 to cross the 20,000 points milestone today.

Here are the top stocks to watch today. 

Infosys: Infosys reported a 10.9% year-on-year (YoY) jump in net profit for April-June 2023 at Rs 5,945 crore. The profit was down 3% sequentially. Its revenue from operations stood at Rs 37,933 crore, up 1.3% from the last quarter. The IT major’s ADRs fell by 11% after the poorer-than-expected Q1 results announcement. 

Hindustan Unilever (HUL): HUL reported a 6.9% rise in its consolidated profit after tax at Rs 2,556 crore in the first fiscal quarter ended June 30, 2023, amid a gradual recovery in the industry. The FMCG bellwether clocked a 6.2% growth in total revenue to Rs 15,679 from the same period last year. 

Larsen & Toubro (L&T): The board of the engineering-to-construction conglomerate will consider a special dividend and its first-ever buyback in the meeting convened on July 25. L&T also announced that it had secured a “mega” order for its Heavy Civil Infrastructure Business worth more than Rs 7,000 crore. 

Persistent Systems: The Pune-based technology services company announced below-estimate financial results for Q1FY24. Persistent posted an 8% YoY rise in net profit to Rs 228 crore and a 23.6% YoY increase in revenue to Rs 2,321 crore in the June quarter. 

Union Bank of India: The state-owned lender doubled its net profit in the April to June quarter to Rs 3,236 crore from last year, driven by a decline in bad loans and an improvement in net interest income (NII). 

Dalmia Bharat: The cement maker reported a 29.75% decline in profit after tax (PAT) at Rs 144 crore in the June quarter from Rs 205 crore in the same quarter last fiscal year, impacted by higher expenses. Revenue from operations for the quarter under review was at Rs 3,624 crore, up 9.8% compared to Rs 3,302 crore in the year-ago period.

United Spirits:

On Thursday, United Spirits announced an 83% growth in net profit to Rs 477 crore for the first quarter ended June 2023. Total income, however, declined 23% YoY to Rs 5,830 crore from Rs 7,157 crore in the year-ago period.