LIVE market updates: The Indian markets added to their earlier gains and were trading over one per cent in Friday's morning deals, lifted mainly by financials, after a report said the government was working on a new stimulus package.
The S&P BSE Sensex gained 700 points, or 1.4 per cent, at 50,250 levels and the Nifty50 index reclaimed the 15,100-mark. IndusInd Bank rose 3 per cent and was the top Sensex gainer, followed by Axis Bank, HDFC Bank, and Kotak Mahindra Bank (all up 2%).
The Nifty sectoral indices were painted green, with the Nifty Bank index trading over 2 per cent higher.
In the broader markets, the S&P BSE MidCap and SmallCap indices traded 0.95 per cent higher, each.
A total of 49 companies, including State Bank of India, Hindalco Industries, JSW Steel, Shree Cement, Godrej Industries, and South Indian Bank are set to release their quarterly earnings today.
A healthy net interest income (NII) growth, coupled with healthy recoveries and fewer provisions and aided by low base of the previous year, may help State Bank of India (SBI) report robust March quarter (Q4FY21) numbers, analysts say. However, given the second wave of Covid-19 in the country, analysts would track the management’s asset quality outlook, growth in loan book, and restructuring trends. READ MORE
MARKET LIVE: Sensex surges 700 pts; Nifty reclaims 15,100; financials gain - Business Standard
Read More
No comments:
Post a Comment