MARKET UPDATE:Sensex hovered around 48,760 levels Nifty topped the 14,700-mark
Published On: Friday, May 14, 2021 | By: Team KnowMyStock
The benchmark indices in India fluctuated between gains and losses in early deals today(14th May 2021). The S&P BSE Sensex hovered around 48,760 levels, and the broader Nifty50 index topped the 14,700-mark. Asian Paints rose 4 percent and were the top Sensex gainer, followed by Titan, SBI, and ITC gained 1 percent, each. On the other hand, TCS, Mahindra & Mahindra, and Tech Mahindra fell 1 percent, each. All the Nifty sectoral indices, except the Nifty IT index, traded with gains, led by the Nifty PSU Bank index, up 2 percent. Forty-one companies, including the likes of Larsen & Toubro, Dr. Reddy's Laboratories, Cipla, Aditya Birla Capital, Just Dial, and Mindspace Business Parks REIT are scheduled to release their quarterly results today.
Most analysts back Larsen and Toubro (L&T) to report healthy quarterly results on the back of nearly Rs 17,500 crore order book. The company’s ability to hold on to margins amid higher raw-material prices and restored salaries/wage cuts through cost efficiencies and cost control, order pipeline, and commentary on FY22 guidance amid the Covid-19 second wave uncertainty are among the key monitorables for L&T, according to analysts
Tags: Indian equity market Sensex Nifty
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