Benchmark indices are trading in the green amid strong buying. The markets will be watching Q2 earning results coming in on the last day for results announcement. 3M India, Aayush Food And Herbs, Abbott India, Akzo Nobel India, Amara Raja Batteries, Apollo Hospitals, Ashok Leyland, Bajaj Electricals, Mrs Bectors Food Specialities, Bharat Forge, Coal India, Coffee Day, Glenmark, GMR Infra, Grasim, Hero Motocorp, Hindalco, Max Health, Motherson Sumi, Ruchi Soya, SJVN, Spicejet, and Suzlon are some of the 899 firms announcing their quarterly results today. The IPO of Latent View Analytics Ltd is closing today. It is already subscribed 23.22 times. Shares of Fino Payments Bank are listing on the exchanges today.
Gainers and losers on Sensex, Nifty
Tech stocks have cooled off somewhat after showing gains in early trading on Sensex. lthough
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Nifty sectoral indices
Sectoral indices have pared gains in early trade slipping below 1% as trading has progressed. IT and Metal were trading over 1% in early trade. PSU Bank, realty and media have slipped into red.
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Tata Steel sheds gains
Tata Steel was trading at 1,299.35, up 0.40, or 0.03%, at 9:55 am. The shares had gained 3% in early trade.
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Top gainers
Asahi India Glass Ltd (+8.92), Indian Hume Pipe Company Ltd (+8.51), Mayur Uniquoters Ltd (+7.40), Prataap Snacks Ltd (+7.28), and Indo Count Industries Ltd (+4.66) were top gainers on BSE.
On markets opening: Manish Hathiramani, proprietary index trader and technical analyst, Deen Dayal Investments
The index has opened this morning with a gap but the big question is whether we are able to sustain on the upside. We have recently visited the lower end of the current range which was 17,700. The upper end of the range is 18,100. We need to get past either level in order to see a meaningful build-up of momentum and direction.
Markets open
Sensex and Nifty have opened in the green after consecutive days of trading in the red. Sensex has regained the 60,000 mark, while Nifty was teasing the 18,000 mark. Sesex was at 60,305.97,…
Read More: Sensex, Nifty in green; metal, IT shine