MARKET UPDATE: Sensex hovered around 40,050 levels, and Nifty gave up the 11,750 level
Published On: Tuesday, October 27, 2020 | By: Team KnowMyStock
The markets in India turned flat in today's(27th October 2020) volatile start on the back of weak global cues. Among headline indices, the S&P BSE Sensex hovered around 40,050 levels, and the Nifty50 index gave up the 11,750 level. Kotak Mahindra Bank, up 5 percent, was the top Sensex gainer, followed by NTPC (up 4%) and Nestle India (up 2%). The trend among Nifty sectoral indices was largely in the red, led by the Nifty PSU Bank index, down 1.2 percent. In the broader market, the S&P BSE MidCap index was up 0.2 percent while the SmallCap index fell by 0.2 percent. Thirty-seven companies including Bharti Airtel, Tata Motors, and Amara Raja Batteries are scheduled to announce their September quarter earnings today.
Analysts expect Bharti Airtel's losses to shrink and revenue rise on a year-on-year basis, helped by firm subscriber addition, and ARPU rise in an otherwise seasonally weak quarter. Meanwhile, Tata Motors is seen reporting muted numbers in year-on-year terms, largely due to fall in JLR volume.
Tags: Indian equity market
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