MARKET UPDATE: Sensex fell 200 points to 50,040 levels and Nifty slipped below 14,750
Published On: Thursday, February 4, 2021 | By: Team KnowMyStock
The Indian markets slipped nearly half a percent in today's(4th February 2021) early deals, after three straight days of gains, amid mixed global cues, ahead of the weekly F&O expiry. The S&P BSE Sensex fell 200 points to 50,040 levels and the Nifty50 index slipped below 14,750. IndusInd Bank, ICICI Bank, and Asian Paints fell 1 percent each and were the top Sensex laggards. On the other hand, Mahindra & Mahindra rose 3 percent while ONGC and Bajaj Auto were both up 2 percent. The trend among Nifty sectoral indices was mixed, with gains in the Nifty Auto index, up 1.6 percent, being offset by the Nifty Bank index, down 1 percent. The broader indices, meanwhile, outran their benchmark peers, with both the S&P BSE MidCap and SmallCap indices ruling half a percent higher, each.
Hundred and five firms including SBI, Hero MotoCorp, Adani Power, HPCL, NTPC, Tata Power, Godrej Properties and Zee Entertainment arebset to post their December quarter numbers today.
Most analysts expect SBI's profit after tax to decline anywhere between 15 per cent and 58 per cent on a yearly basis during the quarter under review while they expect the PSU lender's loan book to grow by 7 per cent yearly and around 3 per cent quarterly.
Tags: Indian equity market
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