MARKET UPDATE:Sensex down 315 points to 36,380 levels and Nifty slipped below the 10,750 levels
Published On: Tuesday, July 14, 2020 | By: Team KnowMyStock
The markets in India slipped half a percent today (14th July 2020), dragged mainly by the HDFC twins, following weak global cues. The S&P BSE Sensex was down 315 points to 36,380 levels. Both HDFC and HDFC Bank slipped more than 2 percent and were among the top Sensex laggards after the latter conducted a probe into allegations of improper lending practices in its vehicle-financing operation. Besides, IndusInd Bank also dipped 2 percent. The broader Nifty50 index also slipped below the 10,750 levels. The trend among Nifty sectoral indices was largely negative, led by the Nifty PSU Bank index, down 1.6 percent.
Thirty -five companies, including Wipro and Mindtree, are scheduled to announce their quarterly results today. Wipro, like its peers, is expected to post a weak set of numbers for the June quarter. Investors are likely to watch out for the company's strategy under the new CEO, updates on client interactions, and assessment of the impact on IT spend due to Covid-19 pandemic.
Tags: Indian market
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