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MARKET LIVE: Sensex, Nifty off lows; Mindspace REIT lists at 11% premium
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MARKET LIVE | Markets | Vodafone Idea
SI Reporter |
Last Updated at August 7, 2020 10:23 IST
EVENT HIGHLIGHTS
The Indian markets were trading flat with a negative bias after paring majority of the opening losses on Friday.
Among the benchmark indices, the S&P BSE Sensex dipped 30 points to around 38,000 levels and the Nifty50 index hovered around the 11,200-mark. HCL Tech, Tata Steel, ICICI Bank (all down over 1%) were the top Sensex laggards while ONGC gained 1 per cent.
Vodafone Idea slid as much as 7 per cent after reporting a sharp rise in its losses to Rs 25,460 crore for the June quarter of FY21 while HPCL's stock gained 4 per cent after the company reported a 157 per cent jump in its June quarter net profit.
Among the benchmark indices, the S&P BSE Sensex dipped 30 points to around 38,000 levels and the Nifty50 index hovered around the 11,200-mark. HCL Tech, Tata Steel, ICICI Bank (all down over 1%) were the top Sensex laggards while ONGC gained 1 per cent.
Vodafone Idea slid as much as 7 per cent after reporting a sharp rise in its losses to Rs 25,460 crore for the June quarter of FY21 while HPCL's stock gained 4 per cent after the company reported a 157 per cent jump in its June quarter net profit.
The trend among Nifty sectoral indices was largely negative, with Nifty Bank index, down 0.7 per cent, leading the list of losers.
On the other hand, the broader market outperformed their benchmark peers after changes in circuit limits for about 650 companies became effective today. The S&P BSE MidCap and SmallCap indexes were both trading 0.7 per cent higher.
Results today
A total of 96 companies, including Mahindra & Mahindra, Cipla, Abbott India, and Cipla, are scheduled to report their quarterly earnings today.
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