MARKET UPDATE:SSensex up by 210 points at 49,730 levels and Nifty holding above the 14,600-mark
Published On: Wednesday, January 13, 2021 | By: Team KnowMyStock
The markets in India continued their record-breaking spree and logged fresh lifetime highs today(13th January 2021), with the S&P BSE Sensex eyeing the landmark 50,000 level. The Sensex was trading 210 points, or 0.4 percent, at 49,730 levels and the Nifty50 index was holding above the 14,600-mark. Bharti Airtel surged 5 percent after the company said it is initiating the process to revise its foreign investment limit to 100 percent with immediate effect. Besides, ONGC and State Bank of India were also up 2 percent, each. All the Nifty sectoral indices were ruling higher, led by the Nifty Metal index, up 1.5 percent. Besides, the Nifty Bank index hit a fresh record high at 32,559 in intra-day deals. Infosys, Wipro, Amtek Auto, GTPL Hathaway, and six other firms are slated to release their Q3 numbers today.
Lead by the ramp-up of Vanguard deal, incremental revenue contribution from acquisitions and strong growth momentum in key verticals, analysts expect IT bellwether Infosys to post a 9-10 per cent year-on-year (YoY) growth in its revenue (in rupee terms) for the quarter ended December 2020 (Q3FY21).
Meanwhile, Wipro may post decent revenue growth, minimum-to-no impact on EBIT margins and a 5-10 per cent year-on-year (YoY) jump in its net profit for the October-December quarter (Q3FY21).
Tags: Indian equity market Sensex Nifty
We are on Telegram!
JOIN our telegram channel to receive updates on Financial News and Stock and FNO Tips.
Click Here!
Follow Us On:
