MARKET UPDATE:Sensex hovered around 34,350 levels and the Nifty testing 10,200 level


Published On: Tuesday, June 9, 2020 | By:

MARKET UPDATE:Sensex hovered around 34,350 levels and the Nifty testing 10,200 level

Equity markets in India were trading mildly higher today on the back of favourable global cues. The S&P BSE Sensex hovered around 34,350 levels and the Nifty50 index was testing 10,200 level. Among individual stocks, Titan Company rose as much as 2 percent in early deals after announcing its March quarter results while PVR Ltd declined over 4 percent after declaring its Q4 numbers. Besides, Sun Pharma and Tech Mahindra (both up 2%) were the top Sensex gainers. The trend among Nifty sectoral indices was mixed with gains in the Nifty Pharma index (up 1.35 percent) being offset by the Nifty PSU Bank index (down 1.4 percent). Twenty-three companies including Hero MotoCorp and Bombay Dyeing are scheduled to announce their March quarter results today. Analysts expect Hero MotoCorp to report over 20 percent fall in top-line, led by 25 percent YoY decline in total volumes.

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