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MARKET LIVE: Sensex, Nifty slip into red; IRFC lists at 4% discount

Stock market LIVE updates: The Nifty sectoral indices, barring Nifty Pharma, were green, led by Nifty Realty index, up 2 per cent

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SI Reporter  | New Delhi 

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Stock updates: The domestic benchmark indices erased their opening gains and slipped into the red in Friday's morning deals, ahead of the tabling of the in the Parliament, later in the day.

The S&P was trading 80 points down at 46,800 levels, having risen to as high as 47,424 in intra-day deals. The broader Nifty50 index hovered around the 13,800-mark. ticked up 3 per cent and was the top gainer. Besides, ONGC, Mahindra & Mahindra, HDFC Bank, Larsen & Toubro, and Bajaj Finance were up 1 per cent, each.

Among other inidividual stocks, TVS Motor surged over 9 per cent in early deals after announcing their December quarter results while was up 4 per cent ahead of its quarterly results.

The Nifty sectoral indices, barring Nifty Pharma, were green, led by Nifty Realty index, up 2 per cent.

Meanwhile, Indian Railway Finance Corporation (IRFC) listed at 4 per cent discount to its issue price at Rs 24.90 on the

Earnings today

Cipla, Dabur, Tata Motors, Tech Mahindra, IndusInd Bank, DRL and are among 27 firms set to post their December quarter numbers today.  will post a muted growth in its December quarter profit and revenue on a sequential basis, believe analysts. However, on a yearly basis, both figures are expected to decline. READ MORE

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