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MARKET LIVE: Indices extend fall; Sensex dips 400 pts, Nifty below 10,700

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MARKET LIVE | Markets | Wipro

SI Reporter  | New Delhi 

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EVENT HIGHLIGHTS

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(Photo credit: Kamlesh Pednekar)
The Indian markets extended their opening losses and were trading one per cent lower on Tuesday, dragged mainly by the HDFC twins, following weak global cues.

The S&P BSE Sensex was down 415 points to 36,280 levels. Both HDFC and HDFC Bank slipped more than 2 per cent and were among the top Sensex laggards after the the latter conducted a probe into allegations of improper lending practices in its vehicle-financing operation. Besides, IndusInd Bank also dipped 4 per cent.

The broader Nifty50 index also slipped below the 10,700 levels. The trend among Nifty sectoral indices was largely negative, led by Nifty PSU Bank index, down 1.6 per cent.

Results today

A total of 35 companies, including Wipro and Mindtree, are scheduled to announce their quarterly results today. Wipro, like its peers, is expected to post a weak set of numbers for the June quarter. Investors are likely to watch out for the company's strategy under the new CEO, updates on client interactions, and assessment of the impact on IT spend due to Covid-19 pandemic, among other things. READ MORE

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