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MARKET LIVE: Indices volatile, Sensex in green; Nifty IT index up 3%
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MARKET LIVE | Markets | ITC Ltd
SI Reporter |
Last Updated at June 26, 2020 10:21 IST
EVENT HIGHLIGHTS
The Indian markets were trading higher in Friday's volatile session, lifted by gains in public sector banks and IT stocks.
The S&P BSE Sensex rose 150 points to 34,980 levels, and the Nifty50 index hovered around the 10,350-mark. IndusInd Bank (up 4%) and Infosys (up 2%) were the top Sensex gainers. ITC was also trading 2 per cent higher ahead of its March quarter results.
The trend among Nifty sectoral indices was positive, led by Nifty IT index, up 3.3 per cent.
In the broader market, the S&P BSE MidCap and SmallCap indexes gained over 0.8 per cent.
Results today
Today, a total of 247 companies, including ITC, Coal India, and Glenmark Pharma are scheduled to announce their March quarter earnings.
According to analysts, ITC is expected to post up to 14 per cent decline in its cigarette volumes due to hike in excise duty and Covid-19 induced lockdown. READ MORE
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