MARKET LIVE: Sensex falls 400 points, gives up 48k; RIL slides 2%

MARKET LIVE:Sensex,Nifty,HUL,Axis Bank,Bank of Baroda,Q3,RIL

Stock updates: The Indian equity were trading weak after adding to their early losses in Wednesday’s morning deals, as trading resumed after a day’s break.

The S&P Sensex fell 420 points, or 0.9 per cent, to 47,920 levels, thus giving up the psychological level of 48,000. The index also slipped below the 14,150-mark. Reliance Industries extended Monday’s loss and dropped another 2 per cent. The index-heavyweight was the top Sensex loser, followed by Sun Pharma, IndusInd Bank, and Dr Reddy’s (all down 1%).

All the Nifty sectoral indices, except Nifty IT index, slipped into the red, with Nifty Metal index, down 2 per cent, being the top loser.

In the broader markets, the S&P MidCap and SmallCap indices fell 0.5 per cent and 0.2 per cent, respectively.

Earnings today

Axis Bank, Hindustan Unilever, Bank of Baroda, Marico, Emami and India Cements are among 50 firms set to post their December quarter numbers today. Analysts expect HUL to post double-digit revenue growth on the back of GSK acquisition.

Cost control, modest loan growth, and low previous year base may aid to report healthy set of numbers for the December quarter of FY21 (Q3FY21). READ MORE


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