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MARKET LIVE: Sensex off 300 pts from day's high on losses in HDFC duo, RIL

Stock market LIVE updates: Nifty Bank index hit a fresh record high at 32,559

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MARKET LIVE | Infosys  | Bharti Airtel

SI Reporter  | New Delhi 

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EVENT HIGHLIGHTS

bear market, sensex, nifty, loss, growth, investment
Stock market LIVE updates: After logging fresh all-time highs in morning session, benchmark indices Sensex and Nifty wiped off gains and were trading flat. 

The Sensex was trading 15 points down at 49,501 levels and the Nifty50 index slipped below 14,600 mark. Bharti Airtel surged 5 per cent after the company said it is initiating the process to revise its foreign investment limit to 100 per cent with immediate effect. Besides, M&M, ONGC and NTPC were among other gainers.

On NSE, barring financials, IT and pharma, all other sectors traded with gains. 

Earnings today

Infosys, Wipro, Amtek Auto, GTPL Hathaway and six other firms are slated to release their Q3 numbers today.

Lead by the ramp-up of Vanguard deal, incremental revenue contribution from acquisitions and strong growth momentum in key verticals, analysts expect IT bellwether Infosys to post a 9-10 per cent year-on-year (YoY) growth in its revenue (in rupee terms) for the quarter ended December 2020 (Q3FY21). READ MORE

Meanwhile, Wipro may post decent revenue growth, minimum-to-no impact on EBIT margins and a 5-10 per cent year-on-year (YoY) jump in its net profit for the October-December quarter (Q3FY21). READ MORE

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