The BSE Sensex rallied 629.91 points or 1.15% to settle at
55,397.53. During the day, it jumped 862 points, or 1.57% to 55,630.85. The NSE
Nifty jumped 180.30 points or 1.10% to 16,520.85.

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The broader indices ended in green with the BSE Mid cap
index being down by 0.25%, while the Small cap index was down by 0.42%. On the
sectoral front, IT is up by 2.58%, TECK up by 1.99%, Metal up by 1.35%, FMCG up
by 1.13%, and Energy up by 0.91%, while Telecom is down by 0.50%, Power down by
0.50%, Utilities down by 0.44%, Realty down by 0.34% and Auto down by 0.31%
were the top losing indices on BSE.

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Here are the key stocks that moved the most on
July 20:

Hindustan Unilever: The
stock ended 1.64% higher at Rs 2,610.00 after India’s largest FMCG company
reported a 13.85% increase rise in consolidated net profit at Rs 2,391 crore
for the quarter ended June, which was above analysts’ estimates of Rs 2,191.3
crore. Standalone net profit stood at Rs 2,289 crore, up 11% year-on-year.
EBITDA margin was 23.2% during the quarter, declining 110 basis points year on
year. The entire FMCG segment witnessed intense cost pressure in the quarter
due to inflation.

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Wipro Limited: The
stock added1.49% to close at Rs 411.70 after the IT firm reported a 20.93%
year-on-year decline in consolidated profit after tax (PAT) of Rs 2,563.6 crore
as compared to a PAT of Rs 3,242.6 crore in the year-ago period. Sequentially,
the profit fell 16.96%. The consolidated revenue increased 15.51% year-on-year
to Rs 22,001 crore against Rs 19,045 crore in the year-ago quarter. On a
sequential basis, the revenue increased by 2.98%. IT services operating margin
for the quarter was at 15%, a decrease of 200 basis points quarter-on-quarter.

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Vedanta: The stock jumped 5.84% to
close at Rs 252.70 after the company announced a hefty second interim dividend.
The government’s decision to slash additional excise duty imposed on crude oil
production also gave a boost to the stock. Vedanta announced a Rs 19.5 per
share second interim dividend that will result in a dividend payout of Rs 7,250
crore. The company’s total dividend payout for 2022-23 is now close to Rs
19,000 crore.

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Ambuja Cements: The
share price fell 0.97% to close at Rs 367.35 after the cement maker reported a
25.5% year-on-year decline in consolidated net profit at Rs 865.44 crore for
the quarter ended June 2022, impacted by higher power and fuel costs, and
freight and forwarding expenses. However, the revenue increased 15.1%
year-on-year to 8,033 crores in the reported quarter.

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Oil & Gas stocks:
Shares of oil and gas companies surged up to 7% on Wednesday after the
government slashed a windfall tax on oil producers and refiners. The shares of
ONGC jumped 3.71%, Oil India gained 5.87% and Reliance surged 2.54%.