Markets in India rose 1 percent, propped up by the HDFC twins, as trading resumed today (26th May 2020) after an extended weekend.
The S&P BSE Sensex hovered near 31,000 levels, up 320 points. The Nifty50 index also surpassed 9,100 levels. ITC, up 4 percent, was the top Sensex gainer and HDFC Bank also ticked up 2 percent. among others, HDFC shot up 2 percent after reporting its March quarter results yesterday. Bharti Airtel, on the other hand, declined 4 percent on reports that its promoter Bharti Telecom was planning to raise $1 billion by selling a small stake in the telecom giant through block deals on the stock exchanges today.
A majority of the Nifty sectoral indices were in the green, led by the Nifty Metal index, up 2 percent.
Nineteen companies including Deepak Nitrate, Max Financial, and Torrent Pharma are scheduled to announce their March quarter results today.