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MARKET LIVE: Sensex gains 200 pts, Nifty reclaims 9,900; auto stocks up
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Topics
MARKET LIVE | Markets | Moody's
SI Reporter |
Last Updated at June 2, 2020 09:32 IST
EVENT HIGHLIGHTS
The Indian markets were trading firm, nearly a per cent higher, on Tuesday, lifted mainly by auto, and pharma stocks.
The S&P BSE Sensex was up 200 points, or 0.6 per cent, at 33,480 levels, and the Nifty50 index conquered the psychological mark of 9,900. Kotak Mahindra Bank (up 4 per cent) was the top Sensex gainer, followed by Mahindra & Mahindra and Bajaj Finance (both up 3 per cent ecah).
All the Nifty sectoral indices were trading in the green, led by Nifty Auto and Nifty Pharma indexes, both up over 1 per cent.
The S&P BSE Sensex was up 200 points, or 0.6 per cent, at 33,480 levels, and the Nifty50 index conquered the psychological mark of 9,900. Kotak Mahindra Bank (up 4 per cent) was the top Sensex gainer, followed by Mahindra & Mahindra and Bajaj Finance (both up 3 per cent ecah).
All the Nifty sectoral indices were trading in the green, led by Nifty Auto and Nifty Pharma indexes, both up over 1 per cent.
Results today
A total of 18 companies, including the likes of Britannia, Indigo, and Motherson Sumi, are scheduled to announce their results today which will induce individual stock reactions.
A total of 18 companies, including the likes of Britannia, Indigo, and Motherson Sumi, are scheduled to announce their results today which will induce individual stock reactions.
According to analysts, Britannia may see up to 7 per cent volume decline in domestic business while revenue is likely to dip up to 4 per cent on a year-on-year basis. READ MORE
As for InterGlobe Aviation, seasonal slowdown and pricing pressure amid Covid-19-led disruption is likely to push the airline towards Rs 2,600 crore loss, analysts say. READ MORE
As for InterGlobe Aviation, seasonal slowdown and pricing pressure amid Covid-19-led disruption is likely to push the airline towards Rs 2,600 crore loss, analysts say. READ MORE
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