- Asian Paints shares slip 2% ahead of Q1FY21 result; here's what to expect
- Mphasis rallies 9% on in-line June quarter earnings, new deal win
- Sun Pharma up 4% as US arm's Taro Pharma resolves antitrust investigation
- PNC Infratech jumps 9% after bagging two EPC projects worth Rs 1,548 crore
- Economic recovery in India hinges on moratorium duration: Chris Wood
- Stocks to watch: RIL, Asian Paints, ITC, Biocon, Wipro, Mphasis, Lupin
- ICICI Bank Q1 PAT may jump 60% YoY on stake sale in insurance arms: Experts
- MARKET LIVE: Indices extend fall, Sensex dips 300 points; RIL gains 4%
- Market Ahead, July 24: All you need to know before the opening bell
- IRDAI approval must for sale, pledge of over 5% equity in insurance company
MARKET LIVE: Indices extend fall, Sensex dips 300 points; RIL gains 4%
Catch all the live market updates here
Topics
MARKET LIVE | Markets | HDFC Bank
SI Reporter |
Last Updated at July 24, 2020 11:39 IST
EVENT HIGHLIGHTS
The Indian markets slipped nearly one per cent on Friday, dragged down primarily by financials.
The S&P BSE Sensex dipped 330 points to 37,800 levels and the Nifty50 index was hovering below the 11,150-mark. Asian Paints and State Bank of India (both down 2%) were the top Sensex laggards. On the other hand, Reliance Industries was trading over 4 per cent higher on reports that Amazon is in talks to buy a 9.9 per cent stake in its retail arm. Sun Pharma also rose as much as 3 per cent in early deals.
The S&P BSE Sensex dipped 330 points to 37,800 levels and the Nifty50 index was hovering below the 11,150-mark. Asian Paints and State Bank of India (both down 2%) were the top Sensex laggards. On the other hand, Reliance Industries was trading over 4 per cent higher on reports that Amazon is in talks to buy a 9.9 per cent stake in its retail arm. Sun Pharma also rose as much as 3 per cent in early deals.
Meanwhile, Biocon was trading with marginal gains after announcing its June quarter results while Mphasis rose over 5 per cent after announcing its quarterly numbers.
Barring the Nifty Pharma index -- up 1 per cent -- the trend among Nifty sectoral indices was negative, led by Nifty Bank index, down over 1 per cent.
Results today
Today, a total of 71 companies including ITC, Asian Paints, and Ambuja Cements are scheduled to announce their quarterly results. For ITC, a steep decline in its cigarette and hotel businesses due to the disruptions caused by the Covid-19 pandemic is expected to dent the June quarter earnings. READ MORE
CATCH ALL THE LIVE UPDATES
Auto Refresh
Load More
Copyrights © 2020 Business Standard Pvt Ltd. All rights reserved.