Benchmark indices made a firm start on Monday, tracking higher Asian and US markets.
The Sensex is up 144 points at 40,309, while the Nifty is up 52 points at 11,943. (9.20 AM)
Tata Steel, Vedanta, and IndusInd Bank were the top gainers on the Nifty, while Yes Bank, Tata Motors, and Mahindra & Mahindra were the top losers.
Shares of Yes Bank are trading lower after the company reported its Q2FY20 earnings on Friday. The bank reported a loss of Rs600cr in the September quarter owing to higher provisions and one-time deferred tax assets adjustment alongside a sharp rise in NPAs.
Further, Tata Motors reported a 33.58% drop in total sales at 41,354 units in October 2019 as compared to 62,264 units during October 2018.
Meanwhile, HDFC Ltd. is trading flat with a positive bias ahead of its Q2 result today. Analysts widely expect double-digit income growth in Q2.
Sectorally, all indices traded in the green except Nifty Media. Nifty Metal traded higher by over 2.3% led by Hindustan Zinc, Hindalco, and Vedanta.
CASH PREMIUM UPDATE : PLEASE BOOK PARTIAL PROFIT IN AUROPHARMA BUY CALL OUR 1ST TARGET ACHIEVED MADE A HIGH OF 507.50
The Sensex is up 144 points at 40,309, while the Nifty is up 52 points at 11,943. (9.20 AM)
Tata Steel, Vedanta, and IndusInd Bank were the top gainers on the Nifty, while Yes Bank, Tata Motors, and Mahindra & Mahindra were the top losers.
Shares of Yes Bank are trading lower after the company reported its Q2FY20 earnings on Friday. The bank reported a loss of Rs600cr in the September quarter owing to higher provisions and one-time deferred tax assets adjustment alongside a sharp rise in NPAs.
Further, Tata Motors reported a 33.58% drop in total sales at 41,354 units in October 2019 as compared to 62,264 units during October 2018.
Meanwhile, HDFC Ltd. is trading flat with a positive bias ahead of its Q2 result today. Analysts widely expect double-digit income growth in Q2.
Sectorally, all indices traded in the green except Nifty Media. Nifty Metal traded higher by over 2.3% led by Hindustan Zinc, Hindalco, and Vedanta.
CASH PREMIUM UPDATE : PLEASE BOOK PARTIAL PROFIT IN AUROPHARMA BUY CALL OUR 1ST TARGET ACHIEVED MADE A HIGH OF 507.50
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