and on record single-day spike of over 3 lakh Covid-19 cases for second consecutive day, Indian equity
Among the headline indices, the S&P BSE Sensex was at 47,969 levels in early deals, down 111 points or 0.23 per cent. On the NSE, the Nifty50 was hovering around 14,380 levels.
Power Grid was the top gainer on the Nifty, up 4 per cent, followed by Tata Steel, SBI Life, Dr Reddy’s Labs, and Asian Paints. On the downside, Wipro, ICICI Bank, Bajaj Finance, Hero MotoCorp, and State Bank of India were the top laggards in morning deals.
In the broader markets, the S&P BSE MidCap index was up 0.59 per cent while the S&P BSE SmallCap index gained 0.72 per cnt.
Sectorally, only Nifty Metal, Pharma, and Media indices were trading in the green, up between 0.3 per cent and 1 per cent. On the contrary, the Nifty Financial Services index slipped 0.7 per cent.
Earnings today
HCL Technologies, M&M Financial Services, and Indiabulls Real Estate are among the 16 companies scheduled to report their March quarter results today
Contribution from DWS Limited – a leading Australian IT, business and management consulting firm that HCL Tech acquired recently – demand in areas of digital foundation projects and improving traction in ER&D segment should aid HCL Tech’s March quarter performance. However, on account of a one-time bonus impact, the IT company’s March quarter profit after tax (PAT) is expected to plummet between 26-31 per cent quarter-on-quarter (QoQ), analysts say. READ PREVIEW HERE
