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MARKET UPDATE:Sensex skidded 165 points to trade at 54,390 levels and Nifty gave up 16,250 levels

MARKET UPDATE:Sensex skidded 165 points to trade at 54,390 levels and Nifty gave up 16,250 levels

Wednesday, August 11, 2021

In Indian markets, an across-the-board selloff hit Street today(11th August 2021), erasing early morning gains. At the headline level, BSE Sensex skidded 165 points to trade at 54,390 levels while the Nifty50 gave up 16,250 levels. The broader markets, too, succumbed to profit-booking. The BSE MidCap and SmallCap indices fell 1.5 percent and 2.5 percent, respectively. Around 300 companies including Bata India, Cadila Healthcare, Endurance Tech, New India Assurance, Antony Waste Handling Cell, Bajaj Electricals, HEG, IDFC, India Cement, VIP Industries, and Pidilite are slated to post their quarterly earnings today.

MARKET UPDATE: Sensex up 260 points to trade at 54,662 levels and Nifty hovering above 16,300-mark, up 60 points

MARKET UPDATE: Sensex up 260 points to trade at 54,662 levels and Nifty hovering above 16,300-mark, up 60 points

Tuesday, August 10, 2021

Indian equities picked pace today(10th August 2021), amid mixed global signals, propelled by gains in consumer durables, bank, and realty stocks. The benchmark S&P BSE Sensex added 260 points, or 0.48 percent, to trade at 54,662 levels while the Nifty50 index was hovering above the 16,300-mark, up 60 points. In the broader market space, the BSE MidCap and SmallCap indices gained up to 0.2 percent. More than 200 companies including Zomato, Coal India, Lupin, Power Grid Corporation of India, Ashoka Buildcon, Deepak Fertilisers, Eveready Industries, KIMS, Max Financial Services, Motherson Sumi Systems, and Whirlpool of India are slated to post their quarterly earnings today.

MARKET UPDATE: Volatile markets;Sensex was trading at 54,452 levels, up 174 points and Nifty was quoting at 16,285 levels, up 47 points

MARKET UPDATE: Volatile markets;Sensex was trading at 54,452 levels, up 174 points and Nifty was quoting at 16,285 levels, up 47 points

Monday, August 9, 2021

Indian equity markets were volatile today(9th August 2021) amid mixed global trends. The frontline S&P BSE Sensex was trading at 54,452 levels, up 174 points or 0.32 percent, in early deals while the Nifty50 was quoting at 16,285 levels, up 47 points. Tech M, HCL Tech, UltraTech Cement, Infosys, SBI, and IndusInd Bank were the top gainers. In the broader markets, the BSE MidCap index slipped 0.12 percent while the BSE SmallCap index added 0.3 percent. In the commodities market, gold slumped to the lowest since March as the prospect of higher rates makes bullion less attractive relative to other assets. Silver dropped to its lowest since November and crude oil extended last week's decline on concern the delta virus strain will hamper demand growth. Read more

MARKET UPDATE: Sensex quoted at 54,600 levels, up 100 points and Nifty held 16,300-mark, up 7 points

MARKET UPDATE: Sensex quoted at 54,600 levels, up 100 points and Nifty held 16,300-mark, up 7 points

Friday, August 6, 2021

As the RBI kept the monetary policy rate unchanged at 4 percent and continued with the "accommodative" policy stance, the BSE Sensex quoted at 54,600 levels, up 100 points while the Nifty50 held 16,300-mark, up 7 points. Sectorally, all but IT and pharma stocks were in the green. The Nifty PSU Bank and Auto indices were the top gainers, up 0.6 percent each. More than 100 companies are slated to post their numbers on Friday including M&M, Voltas, Ujjivan SFB, Tata Power, Torrent Power, SAIL, Hindalco, Indigo Paints, BEML, and BEL. Further, on Saturday Divis Labs, Bank of Baroda, Dodla Dairy, Indiabulls Real Estate, and VRL Logistics will release quarterly earnings.

MARKET UPDATE: Sensex was at 52,619 levels, up 420 points, and Niftyhovering around 15,750-mark, rising 124 points

MARKET UPDATE: Sensex was at 52,619 levels, up 420 points, and Niftyhovering around 15,750-mark, rising 124 points

Thursday, July 22, 2021

Indian markets started gap-up today(22nd July 2021) amid broad-based buying, bolstered by strong gains in global markets. The frontline S&P BSE Sensex was at 52,619 levels in early deals, up 420 points, while the Nifty50 index was hovering around 15,750-mark, rising 124 points. Australia’s S&P/ASX 200 index rose 0.9 percent in global markets, South Korea’s Kospi index increased 0.9 percent while Japan was closed for a holiday. S&P 500 and Nasdaq futures also traded firm. Forty-four companies including Hindustan Unilever, Bajaj Auto, Ultratech Cement, Biocon, Hindustan Zinc, IIFL Securities, IndiaMART InterMESH, and Wockhardt will release their quarterly earnings today.

MARKET UPDATE: Sensex dipped 135 points to quote at 52,633 levels and Nifty hovering just above 15,750-mark, down 44 points

MARKET UPDATE: Sensex dipped 135 points to quote at 52,633 levels and Nifty hovering just above 15,750-mark, down 44 points

Wednesday, July 14, 2021

Indian benchmark indices were trading lower today(14th July 2021), tracking mixed cues from other Asian markets. The frontline S&P BSE Sensex dipped 135 points, or 0.26 percent, to quote at 52,633 levels. Its NSE counterpart Nifty50, on the other hand, was hovering just above the 15,750-mark, down 44 points. In the broader market, the BSE MidCap index and SmallCap indices were up 0.06 percent and 0.32 percent, respectively. Sectorally, the Nifty IT index advanced over 1 percent while the Nifty Financial Services index dropped 0.6 percent. Nineteen companies including Infosys, 5paisa Capital, Craftsman Automation, Dodla Dairy, L&T Technology Services, and Hatsun Agro Product are slated to post their quarterly earnings today. Read more

MARKET UPDATE: Sensex gained 237 points to quote at 52,609 levels and Nifty held above the 15,750-mark, up 78 points

MARKET UPDATE: Sensex gained 237 points to quote at 52,609 levels and Nifty held above the 15,750-mark, up 78 points

Tuesday, July 13, 2021

Indian markets opened with modest gains today(13th July 2021) amid across-the-board buying. The benchmark S&P BSE Sensex gained 237 points, or 0.45 percent, in early deals to quote at 52,609 levels. The Nifty50, on the other hand, held above the 15,750-mark, up 78 points. ICICI Bank, Bajaj Finance, L&T, HDFC, and Tata Steel were the top gainers on the 30-share barometer while Tech M, HCL Tech, Bajaj Finserv, and Infosys slipped the most. Sectorally, the Nifty Realty index was leading with the most gains on the NSE. In the broader markets, the BSE MidCap and SmallCap indices rallied 0.35 percent and 0.65 percent, respectively. Among these, the SmallCap index hit a fresh record high of 26,263 in the intra-day trade. Eight companies including Mindtree, Tata Metaliks, Deccan Health Care, Shree Ganesh Remedies, and WS Industries will release quarterly earnings today.

MARKET UPDATE: Sensex up 246 points at 52,632 levels and Nifty traded above 15,750 levels, up 81 points

MARKET UPDATE: Sensex up 246 points at 52,632 levels and Nifty traded above 15,750 levels, up 81 points

Monday, July 12, 2021

Indian benchmark indices started gap-up on Dalal Street today (12th July 2021), mirroring firm trends in Asia. S&P BSE Sensex jumped 246 points, or 0.47 percent, in early deals to quote at 52,632 levels. NSE's Nifty50, meanwhile, traded above 15,750 levels, up 81 points. ICICI Bank, Grasim Industries, Tata Motors, and Maruti Suzuki were the top gainers on the broader 50-share index. In the broader markets, the BSE MidCap index advanced 0.6 percent while the BSE SmallCap index added 0.91 percent. Sectorally, the Nifty PSU Bank index was ruling as the best performing index, up 1 percent. A total of 11 companies, including HFCL, Steel Strips Wheels, and Welcure Drugs & Pharmaceuticals will release quarterly earnings today.

MARKET UPDATE:Sensex gained 100 points at 52,650 levels and Nifty topped the 15,750-mark

MARKET UPDATE:Sensex gained 100 points at 52,650 levels and Nifty topped the 15,750-mark

Wednesday, June 30, 2021

The benchmark indices in India edged up in early deals today(3othJune 2021), amid largely positive cues from other Asian markets. The S&P BSE Sensex gained 100 points at 52,650 levels and the broader Nifty50 index topped the 15,750-mark. Maruti Suzuki, Titan, and Tata Steel were the top Sensex gainers. All the Nifty sectoral indices, barring Nifty Realty, traded in the green, led by the Nifty Metal index, up 0.75 percent. In the broader markets, the S&P BSE MidCap and SmallCap indices traded 0.2 percent and 0.5 percent higher, respectively. More than 900 companies including SpiceJet, Vodafone Idea, Dish TV India, IRCON International, and Sadbhav Engineering are scheduled to release their quarterly earnings today. Read more

MARKET UPDATE:Sensex hovered around 52,750 levels and Nifty fell below the 15,850-mark

MARKET UPDATE:Sensex hovered around 52,750 levels and Nifty fell below the 15,850-mark

Tuesday, June 29, 2021

The Indian benchmark indices traded flat in early deals today(29th June 2021), amid largely weak cues from other Asian markets. The S&P BSE Sensex hovered around 52,750 levels and the Nifty50 index fell below the 15,850-mark. Asian Paints, Reliance Industries, and Larsen & Toubro were the top Sensex gainers. On the other hand, HDFC Bank and Kotak Mahindra Bank were the top laggards. The Nifty sectoral indices were mixed, with Nifty Private bank, down 0.4 percent, taking the deepest cuts. The broader markets outperformed their benchmark peers, with the S&P BSE MidCap and SmallCap indexes trading 0.37 percent and 0.47 percent higher, respectively. IRCTC, Ruchi Soya, Cochin Minerals & Rutile, DCM, Omaxe and Sintex Industries are among the list of companies that will announce their quarterly earnings today.

MARKET UPDATE:Sensex hovered around 52,680 levels, up 90 points and Nifty topped the 15,800-mark

MARKET UPDATE:Sensex hovered around 52,680 levels, up 90 points and Nifty topped the 15,800-mark

Wednesday, June 23, 2021

The benchmark indices in India traded flat with a positive bias in morning deals today(23rd June 2021)after a volatile start to the session. The S&P BSE Sensex hovered around 52,680 levels, up 90 points, or 0.17 percent, and the broader Nifty50 index topped the 15,800-mark. IndusInd Bank and Tata Steel were the top Sensex gainers. All the Nifty sectoral indices traded in the green, led by the Nifty Metal index, up 0.8 percent. In the broader markets, the S&P BSE MidCap index was flat while the SmallCap index ticked up 0.2 percent. Sixty-four companies, including Apollo Hospitals Enterprise, Mcleod Russel India, Allcargo Logistics, and HCC are scheduled to release their quarterly earnings today. Read more

MARKET UPDATE:Sensex was up 360 points at 52,930 levels and Nifty testing the 15,850-mark

MARKET UPDATE:Sensex was up 360 points at 52,930 levels and Nifty testing the 15,850-mark

Tuesday, June 22, 2021

The benchmark indices in India rose over half a percent in early deals today(22nd June 2021), amid favourable cues from other global markets. The S&P BSE Sensex was up 360 points, or 0.69 percent, at 52,930 levels and the Nifty50 index was testing the 15,850-mark. Maruti Suzuki rose 2 percent and was the top Sensex gainer, followed by IndusInd Bank, Titan, ICICI Bank, and State Bank of India (all up over 1%). The Nifty sectoral indices were painted green, led by the Nifty PSU Bank index, up 1.9 percent. The broader markets, meanwhile, outran their benchmark peers. The S&P BSE MidCap and SmallCap indices traded 0.9 percent and 1.2 percent higher, respectively. Seventy-nine companies, including NMDC, Aster DM Healthcare, Bharat Electronics, and Jaypee Infratech are scheduled to release their quarterly earnings today.

MARKET UPDATE:Sensex traded around 52,390, up 70 points and Nifty holding the 15,700-mark

MARKET UPDATE:Sensex traded around 52,390, up 70 points and Nifty holding the 15,700-mark

Friday, June 18, 2021

The benchmark indices in India edged up in early deals today(18th June 2021), but off the day's high, amid mixed global cues. The S&P BSE Sensex traded around 52,390, up 70 points and the broader Nifty50 index was holding the 15,700-mark. Bajaj Finserv and Sun Pharma gained 1 percent, each, and were the top Sensex gainers. On the other hand, ONGC fell 2 percent. The Nifty sectoral indices traded mixed, with the Nifty IT index, up 0.8 percent, leading the gainers. In the broader markets, the S&P BSE MidCap index fell 0.2 percent while the SmallCap index was up 0.25 percent. Fifty-two companies, including Ashoka Buildcon, GMR Infrastructure, Hinduja Global Solutions, Insecticides (India), and Welspun Specialty Solutions are set to release their quarterly earnings today. Read more

MARKET UPDATE:Sensex fell 210 points to 52,290 and Nifty traded below the 15,700-mark

MARKET UPDATE:Sensex fell 210 points to 52,290 and Nifty traded below the 15,700-mark

Thursday, June 17, 2021

In Indian markets, benchmark indices followed the losses in global markets and edged lower in early deals today(17th June 2021) amid the US Federal Reserve's indication that it could begin raising interest rates in 2023. The S&P BSE Sensex fell 210 points to 52,290 and the broader Nifty50 index traded below the 15,700-mark. HDFC Bank, HDFC, Axis Bank, and Kotak Mahindra Bank fell 1 percent, each, and were the top Sensex laggards. All the Nifty sectoral indices were trading in the red, with the Nifty Metal index, down 1.5 percent, bleeding the most. In the broader markets, the S&P BSE MidCap index fell 0.6 percent, while the SmallCap index was flat. Thirty-three companies, including Power Grid Corporation, Natco Pharma, Jammu & Kashmir Bank, DB Corp, and Khadim India are scheduled to release their quarterly earnings today. Read more

MARKET UPDATE:Sensex traded 100 points down at 52,690 levels and Nifty slipped below the 15,850-mark

MARKET UPDATE:Sensex traded 100 points down at 52,690 levels and Nifty slipped below the 15,850-mark

Wednesday, June 16, 2021

The Indian benchmark indices edged lower in early deals today(16th June 2021), amid weakness in financials and pharma stocks. The S&P BSE Sensex traded 100 points down at 52,690 levels and the broader Nifty50 index slipped below the 15,850-mark. The Nifty sectoral indices traded mixed, with gains in the Nifty FMCG index, up 0.35 percent, being offset by the Nifty Bank index, down 0.3 percent. Thirty-two companies, including RITES, CESC, Welspun Enterprises, Commercial Syn Bags, DIC India, and Kakatiya Cement Sugar are set to release their quarterly earnings today. Read more

MARKET UPDATE:Sensex rose 270 points at 52,820 levels and Nifty topped the 15,850-mark

MARKET UPDATE:Sensex rose 270 points at 52,820 levels and Nifty topped the 15,850-mark

Tuesday, June 15, 2021

The benchmark indices in India logged fresh lifetime highs in early deals today(15th June 2021), on the back of across-the-board buying. The S&P BSE Sensex rose 270 points, or 0.48 percent, at 52,820 levels and the broader Nifty50 index topped the 15,850-mark. IndusInd Bank and Asian Paints ticked up 1 percent and were the top Sensex gainers. All the Nifty sectoral indices, except Nifty Pharma, traded in the green, led by the Nifty Private Bank index, up 1 percent. In the broader markets, the S&P BSE MidCap and SmallCap indices were up 0.44 percent and 0.63 percent, respectively. Forty-five companies, including Jubilant FoodWorks, Power Finance Corporation, LIC Housing Finance, and Easy Trip Planners are set to release their quarterly earnings today.

MARKET UPDATE:Sensex up 160 points at 52,100 levels and Nifty hovered around the 15,700-mark

MARKET UPDATE:Sensex up 160 points at 52,100 levels and Nifty hovered around the 15,700-mark

Thursday, June 10, 2021

The benchmark indices in India were trading nearly half a percent in early deals today(10th June 2021), amid favorable cues from other Asian markets. The S&P BSE Sensex was up 160 points at 52,100 levels and the Nifty50 index hovered around the 15,700-mark. PowerGrid, Tech Mahindra, IndusInd Bank, and Bajaj Finance rose 1 percent, each, and were the top Sensex gainers. All the Nifty sectoral indices, except Nifty FMCG, traded in the green, led by the Nifty Metal index, up 1.3 percent. In the broader markets, the S&P BSE MidCap and SmallCap indices ruled 0.85 percent and 1.32 percent higher, respectively. Sixty-four companies, including Century Plyboards, Mazagon Dock Shipbuilders, NHPC, and SAIL, are scheduled to announce their quarterly earnings today.

MARKET UPDATE:Sensex fell 110 points at 52,210 levels and Nifty slipped below the 15,750-mark

MARKET UPDATE:Sensex fell 110 points at 52,210 levels and Nifty slipped below the 15,750-mark

Tuesday, June 8, 2021

The markets in India slid in morning deals today(8th June 2021), dragged mainly by metals and banks. The S&P BSE Sensex fell 110 points at 52,210 levels and the Nifty50 index slipped below the 15,750-mark. Tech Mahindra, NTPC, Bajaj Finance, and HCL Tech rose 1 percent, each, and were the top Sensex gainers. The Nifty sectoral indices were largely in the red, with the Nifty Metal index, down 2 percent, bleeding the most. Meanwhile, the Nifty IT index was up 1 percent. The broader markets, meanwhile, outran their benchmark indexes, with the S&P BSE MidCap and SmallCap indices trading 0.5 percent and 0.6 percent higher, respectively. Forty-six companies including Engineers India, Petronet LNG, Max Financial Services, and Suven Pharmaceuticals are scheduled to release their quarterly earnings today.

MARKET UPDATE:Sensex down by 320 points at 51,600 levels and Nifty traded around the 15,550-mark

MARKET UPDATE:Sensex down by 320 points at 51,600 levels and Nifty traded around the 15,550-mark

Wednesday, June 2, 2021

The benchmark indices in India slid over half a percent in early deals (today 2nd June 2021), amid mixed global cues. The S&P BSE Sensex fell 320 points, or 0.64 percent, at 51,600 levels and the Nifty50 index traded around the 15,550-mark. Tech Mahindra and ITC fell 2 percent, each, and were the top Sensex laggards. The Nifty sectoral indices were mixed, with the Nifty Metal index, up 1 percent, leading the gainers. The broader markets, meanwhile, outran their benchmark peers, with the S&P BSE MidCap and SmallCap indices trading 0.7 percent and 0.6 percent higher, respectively. Twenty-three companies, including Motherson Sumi Systems, MTAR Technologies, Muthoot Finance, and PVR are scheduled to release their quarterly earnings today.

MARKET UPDATE:Sensex traded around 51,970, up 30 points and Nifty fell below the 15,600-mark

MARKET UPDATE:Sensex traded around 51,970, up 30 points and Nifty fell below the 15,600-mark

Tuesday, June 1, 2021

The markets in India traded flat in morning deals today's(1st June 2021) volatile session, with gains in auto stocks being offset by losses in metals. The S&P BSE Sensex traded around 51,970, up 30 points and the broader Nifty50 index fell below the 15,600-mark. Bajaj Auto (up 2%) was the top Sensex gainer, followed by HDFC, Bajaj Finance, IndusInd Bank, and State Bank of India (all up 1%). The Nifty sectoral indices were mixed, with the Nifty Auto index, up over 1 percent. leading the gainers. Seventeen companies, including ITC, Balrampur Chini Mills, Gujarat Gas, and Radico Khaitan are scheduled to release quarterly earnings today. Analysts expect ITC to post high single-digit revenue growth on a yearly basis during the quarter under review, although the profit after tax (PAT) is expected to fall.

MARKET UPDATE:Sensex up 330 points at 51,440 levels and the Nifty testing the 15,450-mark

MARKET UPDATE:Sensex up 330 points at 51,440 levels and the Nifty testing the 15,450-mark

Friday, May 28, 2021

The markets in India made a firm start to the June F&O series, with the benchmark indices trading over half a percent higher in morning deals today(28th May 2021) and the Nifty50 index scaling a fresh lifetime high. The S&P BSE Sensex traded 330 points, or 0.65 percent, higher at 51,440 levels and the Nifty50 index was testing the 15,450-mark after earlier surpassing the earlier record high of 15,431.75. ONGC, HDFC, HDFC Bank, and Reliance Industries rose 1 percent, each, and were the top Sensex gainers. In the broader markets, the S&P BSE MidCap and SmallCap indexes traded 0.27 percent and 0.44 percent higher, respectively. Ninty-six companies, including Mahindra & Mahindra, Glenmark Pharmaceuticals, Indian Bank, Ipca Laboratories, Aditya Birla Fashion and Retail, Dilip Buildcon, and Nazara Technologies, are scheduled to release quarterly earnings today.

MARKET UPDATE:Sensex hovered around 51,000 and Nifty gave up the 15,300 level

MARKET UPDATE:Sensex hovered around 51,000 and Nifty gave up the 15,300 level

Thursday, May 27, 2021

The markets in India traded little differently from yesterday's closing in early deals today(27th May 2021), ahead of the May series F&O expiry later in the day. The S&P BSE Sensex hovered around 51,000,the psychological level that the benchmark index reclaimed in the previous session. The broader Nifty50 index, meanwhile, gave up the 15,300 level. Tech Mahindra gained 1 percent and was the top Sensex gainers, followed by TCS (up 0.8 percent). On the other hand, Asian Paints, Bajaj Finserv, and IndusInd Bank fell 1 percent, each. The Nifty sectoral indices were mixed, with the nifty IT index, up 1.6 percent, leading the gainers. In the broader markets, the S&P BSE MidCap and SmallCap indices tracked their benchmark peers and also traded flat. Read more

MARKET UPDATE:Sensex gained 420 points at 49,980 levels and Nifty reclaimed the psychological level of 15,000

MARKET UPDATE:Sensex gained 420 points at 49,980 levels and Nifty reclaimed the psychological level of 15,000

Friday, May 21, 2021

The markets in India rose over half a percent in morning deals today(21st May 2021), tracking firm trends in other Asian markets. The S&P BSE Sensex gained 420 points, or 0.86 percent, at 49,980 levels and the Nifty50 index reclaimed the psychological level of 15,000. IndusInd Bank and State Bank of India were up 2 percent, each. The Nifty sectoral indices were painted green, with the Nifty Bank index trading over 1 percent higher. Forty-nine companies, including State Bank of India, Hindalco Industries, JSW Steel, Shree Cement, Godrej Industries, and South Indian Bank are set to release their quarterly earnings today. Read more

MARKET UPDATE:Volatile market;Sensex fell 100 points and hovered around 50,000 levels;Nifty slid below 15,100-mark

MARKET UPDATE:Volatile market;Sensex fell 100 points and hovered around 50,000 levels;Nifty slid below 15,100-mark

Wednesday, May 19, 2021

The benchmark indices in India traded with a slight cut in early deals today(19th May 2021) amid weak global cues. The S&P BSE Sensex fell 100 points and hovered around 50,000 levels. The broader Nifty50 index, meanwhile, slid below the 15,100-mark. Mahindra & Mahindra, Kotak Mahindra Bank, IndusInd Bank, and ONGC were all down over 1 percent. Among other individual stocks, Tata Motors slid over 5 percent after announcing its March quarter results. The trend among Nifty sectoral indices was mixed, with gains in the Nifty Pharma index being offset by losses in the Nifty Auto index. Meanwhile, the broader indices outran their benchmark peers, with both the S&P BSE MidCap and SmallCap indices ruling over half a percent higher. Twenty-five companies, including Indian Oil Corporation, Indiabulls Housing Finance, JK Tyre & Industries, and SML Isuzu are scheduled to release quarterly earnings today.

MARKET UPDATE:Sensex surged 550 points to 50,100 levels and Nifty reclaimed the psychological level of 15,100

MARKET UPDATE:Sensex surged 550 points to 50,100 levels and Nifty reclaimed the psychological level of 15,100

Tuesday, May 18, 2021

The markets in India shot up 1 percent in early deals today (18th May 2021), tracking similar firm trends in other Asian markets. Besides, another day of a dip in daily Covid-19 cases also supported investor sentiment. The S&P BSE Sensex surged 550 points, or 1 percent, to 50,100 levels and the Nifty50 index reclaimed the psychological level of 15,100. Bajaj Finance, IndusInd Bank, and PowerGrid rose over 2 percent, each, and were the top Sensex gainers. The Nifty sectoral indices were painted green, led by the Nifty Metal index, up 2.2 percent. In the broader markets, the S&P BSE MidCap and SmallCap indices ruled 1.5 percent and 1 percent higher, respectively. Thirty-five companies, including Tata Motors, Canara Bank, Aarti Industries, Abbott India, Torrent Pharmaceuticals, Ujjivan Small Finance Bank, and Route Mobile, are set to release their quarterly earnings today. Read more

MARKET UPDATE: Sensex trading 400 points down at 46,990 levels and Nifty slipped below 13,900

MARKET UPDATE: Sensex trading 400 points down at 46,990 levels and Nifty slipped below 13,900

Thursday, January 28, 2021

The benchmark indices in India continued their weak run and fell one percent in today's(28th January 2021) morning deals, ahead of the monthly derivatives contracts expiry later in the day. Among the headline indices, the S&P BSE Sensex was trading 400 points down at 46,990, thus giving up the psychological mark of 47,000. The index fell to as low as 46,821 in intra-day deals. The broader Nifty50 index, meanwhile, slipped below 13,900. The HDFC twins fell 2 percent, each, and were the top Sensex drags. Besides, Sun Pharma, HCL Tech, and PowerGrid were also down 2 percent, each. On the other hand, RIL was up 1 percent. The Nifty sectoral indices were trading weak, with the Nifty PSU Bank index, down 2 percent, faring the worst. In the broader markets, the S&P BSE MidCap and SmallCap indices fell 0.6 percent and 0.8 percent, respectively. Read more

Tag: quarterly earnings

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