MARKET UPDATE:Sensex hovered around 48,230 levels, down 300 points and Nifty gave up the 14,450-mark
Published On: Thursday, April 15, 2021 | By: Team KnowMyStock
The benchmark indices in India slid over half a percent in today's (15th April 2021) morning's volatile session, dragged by public sector banks, IT, and auto stocks, as India recorded over 2 lakh fresh Covid-19 cases in the last 24 hours. The S&P BSE Sensex hovered around 48,230 levels, down 300 points and the Nifty50 index gave up the 14,450-mark. Infosys fell 5 percent after the announcement of its March quarter results and was the top Sensex laggard, followed by Mahindra & Mahindra, and IndusInd Bank (both down 3%). On the other hand, ONGC (up 3%) was the top Sensex gainer, followed by NTPC, State Bank of India, and UltraTech Cement (all up 1%). The Nifty sectoral indices were largely in the red, with Nifty Auto and Nifty PSU Bank index, down 2.5 percent, each. On the other hand, Nifty Pharma ticked up 1 percent. In the broader market, the S&P BSE MidCap and SmallCap indices traded 0.3 percent lower, each.
Wipro, Blue Blends (India), Hathway Bhawani Cabletel & Datacom and Tinplate Company of India are scheduled to announce their quarterly numbers on Thursday.
Analysts expect Wipro to post steady growth, driven by a ramp-up in deals and continued momentum in Consumer, Technology and Healthcare verticals. However, margins are likely to contract sequentially largely due to wage inflation.
Tags: Indian equity market Sensex Nifty
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