MARKET UPDATE:Sensex down 30 points around 40,550 levels and Nifty hovered around 11,900-mark
Published On: Tuesday, October 13, 2020 | By: Team KnowMyStock
The markets in India were trading flat with a negative bias today(13th October 2020) ahead of the Supreme Court's hearing on a batch of petitions seeking a waiver of interest on loans during the moratorium period. Among headline indices, the S&P BSE Sensex was trading around 40,550 levels, down 30 points, and the Nifty50 index hovered around 11,900-mark. ICICI Bank, IndusInd Bank, and Axis Bank (all down 1%) were the top Sensex laggards. On the other hand, Bharti Airtel gained 2 percent after Trai's released the subscription data for July. Ultratech Cement and Tata Steel were also up 1 percent each. The trend among Nifty sectoral indices was mixed, with the Nifty Private Bank index, down 0.9 percent, leading the list of losers.
Five companies including Wipro, Karnataka Bank, and Tata Steel Long Products are scheduled to announce their quarterly earnings today. According to analysts, Wipro's CEO's strategy to revive growth, growth guidance for the third quarter, demand and pricing scenario, and outlook on healthcare and energy verticals are the key things to watch out for in the result announcement.
Tags: Indian equity market
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