MARKET UPDATE:Indices off lows, Sensex in the red;Nifty around 10,090 mark


Published On: Thursday, June 11, 2020 | By:

MARKET UPDATE:Indices off lows, Sensex in the red;Nifty around 10,090 mark

The equity markets in India clawed their way off the opening lows but were still trading with nearly half a percent cut today(11th June 2020) amid weakness in global stocks after the US Fed's latest policy statement in which it reassured investors of its support for the economy but projected a 6.5 percent decline in US GDP this year. The S&P BSE Sensex dipped 80 points at 34,150 levels and the Nifty50 index hovered around 10,090 marks. Sun Pharma (down 3%) was the top Sensex laggard, followed by HDFC Bank and Kotak Mahindra Bank (both down over 1%). On the other hand, IndusInd Bank rose 5 percent. The trend among Nifty sectoral indices was mixed. Nifty PSU Bank index, up over 1 percent was the top gainer. Twenty-three companies including Dixon Tech, Shriram City, Union Finance are scheduled to announce their March quarter results today.

We are on Telegram!

Telegram Logo

JOIN our telegram channel to receive updates on Financial News and Stock and FNO Tips.

Click Here!

Follow Us On: