MARKET UPDATE:volatile session; Sensex hovered around 48,770 levels and Nifty testing the 14,450-mark
Published On: Monday, January 25, 2021 | By: Team KnowMyStock
The benchmark indices in India fluctuated between gains and losses in morning deals of today's(25th January 2021) volatile session, with gains in financials being offset by losses in index-heavyweight Reliance Industries. The S&P BSE Sensex hovered around 48,770 levels, having earlier risen to 49,010 levels in intra-day deals. The broader Nifty50 index was testing the 14,450-mark. Reliance Industries dipped 4 percent post the announcement of its December quarter results. The conglomerate saw its profit jump 12.5 percent to Rs 13,101 crore during the said quarter. Besides, Asian Paints and HCL Tech also slipped 2 percent, each. On the other hand, UltraTech Cement climbed 2 percent and was the top Sensex gainer. The Nifty sectoral indices were mixed, with the Nifty PSU Bank index trading 2 percent lower. In the broader markets, the S&P BSE MidCap and SmallCap indices slipped 0.9 percent and 1.7 percent, respectively.
Forty-one firms, including Larsen & Toubro, Aarti Drugs, and APL Apollo Tubes, are slated to announce their December quarter numbers today.expert analysts forecast a 71.5 per cent sequential growth in Larsen and Toubro's consolidated net profit at Rs 1,980 crore for the quarter under review.
Tags: Indian equity mrket Sensex Nifty
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