In Indian markets, benchmark indices erased the majority of the opening gains in a volatile start today(16th July 2020).
The S&P BSE Sensex was trading near 36,050 levels and the Nifty50 index hovered around 10,600-mark. IT services major Infosys surged 10 percent after its June quarter results beat Street estimates with an 11.5 percent YoY rise in net profit at Rs 4,233 crore. Besides, other IT stocks also gained. HCL Tech, TCS, and Tech Mahindra climbed between 1 to 4 percent and were the top Sensex gainers.
Twenty-two companies including Cyient and Bajaj Consumer Care are scheduled to announce their March quarter results today