Tag: indian market update

The Indian markets dipped 1/2 percent on Friday, tracking weakness in global markets amid escalating US-China tensions, and ahead of the release of GDP data for January-March quarter of 2019-20 (Q4FY20). The numbers, which are likely to come in post-market hours, are expected to show growth contracting with some analysts penciling in a 5 percent dip. The S&P BSE Sensex slipped 207 points to 31,990 levels and the Nifty50 gave up the 9,450 marks. Infosys and Axis Bank (both down 2%) were the top Sensex laggards. On the other hand, Vodafone Idea surged 10 percent on a report that Google is in talks to buy a 5 percent stake in the company. The Nifty sectoral indices were largely in the red, led by Nifty Bank index, down 1.2 percent. On the other hand, Nifty Pharma was up over 1 percent. Thirty-one companies including Voltas, Jubilant Life Sciences, and Metropolis Healthcare, are scheduled to announce their March quarter results today.

Markets in India declined in today's (15th May 2020) early deals, pulled down by auto and bank stocks, amid mixed global cues. The S&P BSE Sensex hovered around 31,100 levels and the Nifty50 index was below 9,150. Mahindra & Mahindra (down 2%) and ITC (down 1%) were the top Sensex losers while ONGC gained 2 percent. Biocon dipped 2 percent after its Q4 net profit declined 42.2 percent to Rs 123 crore on a y-o-y basis. The trend among Nifty sectoral indices was largely negative, led by the Nifty Auto index, down 0.8 percent. Today,12 companies including Cipla, Aarti Drugs, and M&M Finance are scheduled to announce their results