Home Latest MARKET LIVE: Sensex zooms 700 points, Nifty tops 10,800; Nifty IT up 5%

MARKET LIVE: Sensex zooms 700 points, Nifty tops 10,800; Nifty IT up 5%

0
MARKET LIVE: Sensex zooms 700 points, Nifty tops 10,800; Nifty IT up 5%

[ad_1]

Benchmark indices rose over two per cent on Wednesday, on the back of firm global cues

The S&P BSE Sensex was trading around 36,780 levels, up 700 points, and the broader Nifty50 index topped the 10,800 level. gained 6 per cent ahead of the announcement of its June quarter results later in the day. Besides, Reliance Industries was also trading 2 per cent higher ahead of the company’s 43rd Annual General Meeting which will be held via videoconferencing later in the day. WHAT TO EXPECT FROM RELIANCE AGM


Moreover, surged 15 per cent after reporting better-than-expected quarterly numbers.

All the Nifty sectoral indices were trading in the green, led by Nifty IT index, up 5 per cent.


Results today


Today, a total of 53 companies including Infosys, Bandhan Bank, and Larsen & Toubro Infotech, are scheduled to announce their quarterly results.

is expected to report subdued numbers due to disruptions caused by the Covid-19 pandemic. Meanwhile, the fall in Ebit margin could be limited due to the benefit from rupee depreciation, cut in travel costs, and optimisation on variable costs. READ MORE



[ad_2]

Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here