The benchmark indices slid into the red zone after giving up their modest opening gains in the volatile session on Friday.
The S&P BSE Sensex hovered around 38,760 points after falling around 150 points from the opening highs. The Nifty50 index also dropped the 11,450 mark. Titan, HDFC Bank, Kotak Mahindra Bank and State Bank of India (all up 1%) were the top winners from Sensex. On the other hand, Reliance Industries fell 0.9 percent after the company called reports about Amazon’s interest in Reliance Retail “speculative.”
Nifty’s industry indices traded primarily in green, led by the Nifty PSU Bank Index, up 0.9 percent.
In the broader market, the S&P BSE MidCap and SmallCap indices were half a percent higher.
Results today
A total of 104 companies, including IRCTC, BHEL and Adani Green, are scheduled to announce their quarterly earnings today.
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