MARKET UPDATE: Sensex declined 360 points to trade at 52,781 levels and Nifty started with a 100-pts cut at 15,823
Published On: Monday, July 19, 2021 | By: Team KnowMyStock
Due to concerns about the impact of elevated inflation and Covid-19 outbreaks on economic prospects weighs on sentiment, Dalal Street clocked a gap-down start today(19th July 2021). The benchmark S&P BSE Sensex declined 360 points in early deals to trade at 52,781 levels while the Nifty50 started with a 100-pts cut at 15,823. The BSE MidCap and SmallCap indices slipped 0.4 percent and 0.3 percent in the broader market, respectively. All the key sectoral indices were in the red. The Nifty Bank index was the top loser, down 1.5 percent. Twenty-five companies including ACC, HCL Technologies, HDFC Life, Indian Bank, and Mastek are slated to post their June quarter numbers today.
HCL Tech's Q1 performance is likely to be impacted due to supply-side challenges amid the second Covid-19 wave. The net profit could rise in the range of 6-11 per cent year-on-year on a 14 per cent growth in revenue (rupee terms).
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