Thursday, June 11, 2020
The equity markets in India clawed their way off the opening lows but were still trading with nearly half a percent cut today(11th June 2020) amid weakness in global stocks after the US Fed's latest policy statement in which it reassured investors of its support for the economy but projected a 6.5 percent decline in US GDP this year.
The S&P BSE Sensex dipped 80 points at 34,150 levels and the Nifty50 index hovered around 10,090 marks. Sun Pharma (down 3%) was the top Sensex laggard, followed by HDFC Bank and Kotak Mahindra Bank (both down over 1%). On the other hand, IndusInd Bank rose 5 percent.
The trend among Nifty sectoral indices was mixed. Nifty PSU Bank index, up over 1 percent was the top gainer.
Twenty-three companies including Dixon Tech, Shriram City, Union Finance are scheduled to announce their March quarter results today.
