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MARKET LIVE: Sensex jumps 300 points, reclaims 31k; Bharti Airtel dips 5%
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MARKET LIVE | Markets | HDFC
SI Reporter |
Last Updated at May 26, 2020 10:13 IST
EVENT HIGHLIGHTS
Photo: Kamlesh Pednekar
Indian markets rose 1 per cent, propped up by the HDFC twins, as trading resumed on Tuesday after an extended weekend.
The S&P BSE Sensex hovered near 31,000 levels, up 320 points. The Nifty50 index also surpassed 9,100 levels. ITC, up 4 per cent, was the top Sensex gainer and HDFC Bank also ticked up 2 per cent. AMogn others, HDFC shot up 2 per cent after reporting its March quarter results yesterday. Bharti Airtel, on the other hand, declined 4 per cent on reports that its promoter Bharti Telecom was planning to raise $1 billion by selling a small stake in the telecom giant through block deals on the stock exchanges today. READ MORE
The S&P BSE Sensex hovered near 31,000 levels, up 320 points. The Nifty50 index also surpassed 9,100 levels. ITC, up 4 per cent, was the top Sensex gainer and HDFC Bank also ticked up 2 per cent. AMogn others, HDFC shot up 2 per cent after reporting its March quarter results yesterday. Bharti Airtel, on the other hand, declined 4 per cent on reports that its promoter Bharti Telecom was planning to raise $1 billion by selling a small stake in the telecom giant through block deals on the stock exchanges today. READ MORE
A majority of the Nifty sectoral indices were in the green, led by Nifty Metal index, up 2 per cent.
Results today
A total of 19 companies including Deepak Nitrate, Max Financial and Torrent Pharma are scheduled to announce their March quarter results today.
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