Markets have made a smart recovery from day’s low and are trading in positive zone led by renewed buying among Infosys, ONGC, Maruti Suzuki and Axis Bank.
the S&P BSE Sensex is up 53 points at 25,656 and the Nifty50 has gained 13 points to trade at 7,860.
Lupin, Maruti Suzuki, Axis Bank, ONGC and Cipla are the top five Sensex gainers, all surging between 1%-2%.
RESULT CALENDAR
ICICI Bank, IDFC, Interglobe Aviation, Shriram Transport Finance Company, Marico will unveil their fourth quarter earnings today.
STOCKS IN FOCUS
Vedanta reported a consolidated net loss of Rs 11,181 crore for the quarter ended March 30 after accounting for exception losses of Rs 12,312 crore. However, the stock is up 2%.
Infosys, India’s second largest information technology services company, has made one more investment out of its global innovation fund. The Bengaluru-based firm said it has invested an undisclosed amount in Trifacta, which develops productivity platforms for data analysis, management and manipulation. The stock is trading with marginal gains.
ICICI Bank is trading 1.5% lower ahead of the Q4 results today.
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