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- Despite a struggling economy, what is drawing people to the stock markets?
- Sun TV zooms 10% post June quarter earnings; Nomura maintains 'Buy'
- NTPC gains 4% after Q1 earnings; consolidated net profit declines 6% YoY
- Indian Bank gains 3% on heavy volume; stock jumps 6% so far in August
- PM Modi pitches for internet connectivity in villages; Sterlite Tech up 11%
- L&T, NCC gain up to 2.5%, Ashoka Buildcon surges 11% on govt's infra push
- Glenmark Pharma leaps 7% after posting two-fold jump in Q1 profit
- Oil prices climb over China's plans to ship in large volumes of US crude
- Stocks to watch: Tata Steel, Tata Motors, ICICI Bank, RIL, Berger Paints
MARKET LIVE: Sensex, Nifty rangebound; auto stocks gain, PSBs decline
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MARKET LIVE | Markets | Bharti Airtel
SI Reporter |
Last Updated at August 17, 2020 12:38 IST
EVENT HIGHLIGHTS
Photo: Kamlesh Pednekar
The Indian markets were trading higher in Monday's rangebound session, lifted by auto stocks.
The S&P BSE Sensex hovered around 37,920 levels after earlier rising as high as 38,119 in the opening deals. The broader Nifty50 index also slipped below the 11,200-mark. NTPC, Larsen & Tourbo, Titan, and Tech Mahindra (all up 1%) were the top Sensex gainers. On the other hand, Reliance Industries and Axis Bank dipped over 2 per cent each.
Meanwhile, Glenmark Pharma surged as much as 7 per cent after posting an over two-fold increase in consolidated net profit in June 2020 quarter.
The trend among Nifty sectoral indices was mixed, with the Nifty PSU Bank index, down 1 per cent, leading the list of losers.
Results today
The S&P BSE Sensex hovered around 37,920 levels after earlier rising as high as 38,119 in the opening deals. The broader Nifty50 index also slipped below the 11,200-mark. NTPC, Larsen & Tourbo, Titan, and Tech Mahindra (all up 1%) were the top Sensex gainers. On the other hand, Reliance Industries and Axis Bank dipped over 2 per cent each.
Meanwhile, Glenmark Pharma surged as much as 7 per cent after posting an over two-fold increase in consolidated net profit in June 2020 quarter.
The trend among Nifty sectoral indices was mixed, with the Nifty PSU Bank index, down 1 per cent, leading the list of losers.
Results today
A total of 37 companies, including Can Fin Homes, Petronet LNG, and Suven Pharmaceuticals, are set to report their quarterly earnings today.
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