enterprise

MARKET LIVE: RIL, IT stocks drag Sensex off days high; pharma stocks up – Business Standard


The Indian climbed off the day’s top in Friday’s volatile session, pressured by Reliance Industries and tech stocks.

Among headline indices, the S&P BSE Sensex hovered around 39,820 levels, up 100 points. Earlier, the index had risen as high as 40,126. The Nifty50 index, meanwhile, was holding on to the 11,650-mark. IndusInd Bank and Infosys (up 2% each) were the top Sensex gainers, followed by Tata Steel and HDFC Bank (both up 1%). Meanwhile, slipped over 4 per cent after the announcement of its September quarter results. also tumbled 8 per cent post declaring its quarterly results.

The Nifty sectoral indices were trading mixed, with Nifty IT index, down 1 per cent, leading the list of losers.



In the broader market, the S&P BSE MidCap and SmallCap indices were both up half a per cent, each.


Results today


A total of six companies, including Bajaj Consumer Care, and Federal Bank are scheduled to announce their quarterly earnings today.





READ SOURCE

Leave a Reply