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MARKET LIVE: Sensex falls 100 points ; RIL, HDFC twins top losers
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Topics
MARKET LIVE | Markets | Reliance Industries
SI Reporter |
Last Updated at July 31, 2020 12:02 IST
EVENT HIGHLIGHTS
The Indian markets were trading lower in Friday's volatile, weighed down by heavyweights Reliance Industries (RIL) and the HDFC twins.
The S&P BSE Sensex was trading 160 points lower at 37,570 levels and the Nifty50 index gave up the 11,100-mark. Reliance Industries slid 2 per cent after reporting its June quarter results. Meanwhile, the HDFC twins slipped 2 per cent each and were among the top Sensex losers. On the other hand, IT stocks were once again in focus with HCL Tech, TCS, Tech Mahindra, and Infosys all rising over 1 per cent each.
The trend among Nifty sectoral indices mixed. Nifty Pharma index rose 2 per cent while the Nfty Financial Services index dipped 1 per cent.
Results today
The S&P BSE Sensex was trading 160 points lower at 37,570 levels and the Nifty50 index gave up the 11,100-mark. Reliance Industries slid 2 per cent after reporting its June quarter results. Meanwhile, the HDFC twins slipped 2 per cent each and were among the top Sensex losers. On the other hand, IT stocks were once again in focus with HCL Tech, TCS, Tech Mahindra, and Infosys all rising over 1 per cent each.
The trend among Nifty sectoral indices mixed. Nifty Pharma index rose 2 per cent while the Nfty Financial Services index dipped 1 per cent.
Results today
Today, a total of 576 companies including State Bank of India, Tata Motors, Sun Pharmaceutical Industries, Indian Oil Corporation are scheduled to announce their quarterly results.
For SBI, stake sale gain from SBI Life during the June quarter may be the only saving grace as analysts see the bank's business growth to be modest in Q1 amid declining interest income and lower net profit sequentially. READ MORE
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