Saturday , March 6 2021

LIVE MARKET: Sensek is the lowest of the day, still minus 200 points; PSBs, declining IT inventory

they traded lower, but from the bottom of the day, on Friday at noon, pulled mostly by losses of index heavyweight HDFC twins.

The S&P BSE Sensek was around 49,390 levels, down 200 points, and the Nifti50 index was down 14,550 points. HDFC, Kotak Mahindra Bank, Dr Reddy’s and Tech Mahindra fell 1 percent.

Bharti Airtel, on the other hand, rose 5 percent after MSCI said it would decide to increase Bharti Airtel’s weight during its upcoming February review of the index.

HCL Technologies also cut 2 percent in early business despite recording a 34.8 percent year-on-year jump in consolidated net profit to 3,969 kroner for the December 2020 quarter (FY2021). MORE

Nifti’s sector indices traded in the red, and the Nifti IT index, down 1 percent, topped the list of losers.

In the broader markets, the S&P BSE MidCap and SmallCap indices traded 0.5 percent, each declining.

Source link