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MARKET LIVE: IT stocks lift Sensex 300 pts amid US poll outcome; banks drag
Catch all the live market updates here. Nifty IT index gained ground and was trading 3 per cent higher as Democratic candidate Joe Biden secured lead over Republican Donald Trump as per early trends
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MARKET LIVE | Markets | US Presidential elections 2020
SI Reporter |
Last Updated at November 4, 2020 12:32 IST
EVENT HIGHLIGHTS
The domestic equity markets rose nearly a per cent on Wednesday as early trends showed Democratic candidate Joe Biden racing ahead of Republican Donald Trump in the US presidential elections. CATCH THE LATEST US ELECTIONS RESULTS UPDATES HERE
Results today
Among the headline indices, the S&P BSE Sensex gained 350 points, or 0.9 per cent, to 40,610 levels and the Nifty50 index was above the 11,900-mark. Infosys, Sun Pharma, and HCL Tech (all up 3%) were the top Sensex gainers.
The trend among Nifty sectoral indices was mixed, with Nifty IT index, up 2 per cent, leading the list of gainers.
In the broader market, the S&P BSE MidCap and SmallCap indices were up half a per cent, each.
The trend among Nifty sectoral indices was mixed, with Nifty IT index, up 2 per cent, leading the list of gainers.
In the broader market, the S&P BSE MidCap and SmallCap indices were up half a per cent, each.
Results today
A total of 91 companies including State Bank of India, Lupin, and Adani Enterprises, are scheduled to announce their quarterly results today.
Analysts remain divided on SBI's bottom-line figures for the quarter which may come in anywhere between Rs 2,172 crore and Rs 4,676 crore. That said, slower growth in net interest income, muted loan growth, an unchanged net interest margin, and decline in operating profit may mark the quarter. READ MORE
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