MARKET UPDATE:Sensex hovered around 48,820 levels, up 150 points, and Nifty topped the 14,650-mark
Published On: Thursday, May 6, 2021 | By: Team KnowMyStock
The benchmark indices in Indian markets traded with slim gains in today's(6th May 2021) morning deals amid favourable cues from other Asian markets. The S&P BSE Sensex hovered around 48,820 levels, up 150 points, and the Nifty50 index topped the 14,650-mark. Bajaj Auto, ONGC, and Bajaj Finance gained 1 percent, each, and were the top Sensex gainers. Among other individual stocks, IDBI Bank zoomed 15 percent after the Cabinet Committee on Economic Affairs gave its in-principle approval for strategic disinvestment along with transfer of management control in the bank. The Nifty sectoral indices were painted green, led by the Nifty Metal index, up 2.8 percent.
Twenty-five companies, including Hero MotoCorp, Adani Power, Adani Transmission, Century Textiles & Industries, Coforge, and Tata Consumer Products, are set to release quarterly earnings today.
Hero MotoCorp is expected to post nearly 60 per cent year-on-year growth in earnings before interest, tax, depreciation, and amortization (Ebitda) aided by healthy sales volume and low base effect when it reports its March quarter results (Q4FY21).
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