MARKET UPDATE:Sensex up 162 points at 48,549 levels, and Nifty hovered around 14,522 levels
Published On: Tuesday, April 27, 2021 | By: Team KnowMyStock
Following the weak trend in Asian markets, Indian equity indices started higher today(27th April 2021) amid a healthy buying in metal, realty, and pharma counters. Among key indices, the benchmark S&P BSE Sensex quoted at 48,549 levels, up 162 points, in morning deals. Tech M, Bajaj Finance, Reliance Industries, and Power Grid were the top gainers on the Sensex while Kotak Mahindra Bank, Axis Bank, Asian Paints, and HDFC were leading the list of losers. On the NSE, the Nifty50 hovered around 14,522 levels. Individually, Tech Mahindra gained 1.7 percent on the BSE after the IT major on Monday reported a net profit of Rs 1,081 crore for the fourth quarter ended March 31, 2021, up 34.6 percent year-on-year (YoY). On a sequential basis, the figure was down 17.4 percent from Rs 1,309.8 crore. SBI Card, meanwhile, rallied 1.3 percent on a net profit of Rs 175 crore in the March quarter of FY21, up 110 percent compared to Rs 84 crore in the same period last year.
Broader markets were once again outperforming the frontline indices. The S&P BSE MidCap index was up 0.5 per cent and the S&P BSE SmallCap index added 0.7 per cent.
Among key sectors, barring the Nifty Bank index (down 0.16 per cent), all other indices were trading in the green. The Nifty Metal index gained 1.2 per cent on the NSE, followed by the Nifty Realty index (1 per cent), and the Nifty IT and Pharma indices, up 0.5 per cent each.
Twenty-eight companies are set to report their March quarter results today including largecap names such as Axis Bank, Maruti Suzuki, Bajaj Finance, Britannia and HDFC AMC.
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