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MARKET LIVE: Sensex, Nifty volatile; RIL dips 2%, Glenmark Pharma surges 7%
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MARKET LIVE | Markets | Bharti Airtel
SI Reporter |
Last Updated at August 17, 2020 10:09 IST
EVENT HIGHLIGHTS
Photo: Kamlesh Pednekar
The Indian markets erased their opening gains and were trading flat with negative bias on Monday, mirroring the mixed trend in Asian indices.
The S&P BSE Sensex was trading 77 points lower at 37,800 levels after 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 gainers.
Results today
The S&P BSE Sensex was trading 77 points lower at 37,800 levels after 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 gainers.
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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