LIVE market updates: The Indian benchmark indices added to their early gains and rose one per cent in morning deals on Monday amid favourable global cues and further fall in daily Covid-19 cases across the country.
The S&P BSE Sensex rose 500 points, or 1 per cent, to 49,250 levels and the Nifty50 index topped the 14,800-mark. IndusInd Bank and State Bank of India rose 2 per cent, each, and were the top Sensex gainers. Meanwhile, Larsen & Toubro and Sun Pharma slipped 1 per cent, each.
All the Nifty sectoral indices traded in the green, led by Nifty Bank index, up 2.2 per cent.
Broader markets tracked the gains in the benchmarks, and the S&P BSE MidCap and SmallCap indices were trading 1 per cent higher, each.
Results today
Bharti Airtel, Federal Bank, Colgate-Palmolive and Orient Cement are among the 24 companies slated to post their quarterly results today.
Bharti Airtel is set to announce its March quarter results of FY21 (Q4FY21) on Monday amid expectations of a strong operating print and a moderation in average revenue per user (ARPU) with interconnect usage charge (IUC) going to zero. Analysts will keep a keen eye on the management’s commentary on ARPU trajectory and non wireless business. READ MORE
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