Market shows red mark, Sensex falls 100 pts

Oct 15 2020 10:55 AM
Market shows red mark, Sensex falls 100 pts

The domestic benchmark indices trading lower on Thursday after quickly giving up the opening gains. S&P Bombay Stock Exchange Sensex was trading around 40,700 levels, 90 points down, and the Nifty traded around 11,950. Infosys gained 4% after delivering a healthy set of numbers in the second quarter of FY21.  ICICI Bank, Bajaj Finance, Tech Mahindra, TCS, and Kotak Mahindra Bank were the top drags.

Besides, Tata Steel ( 2% up), ONGC and NTPC both are up by 1% were the other top Sensex gainers. The trend among the Nifty sectoral indices was mixed, with the Nifty Bank index, leading the list of losers with 0.7% down. In the broader market, the S&P BSE MidCap and SmallCap indices were both up with 0.2%.

Likhitha Infrastructure, a leading Oil and gas pipeline infrastructure service provider company, will list its shares today, with the final issue price at Rs 120/share. Overall, the issue was subscribed 9.51 times, and analysts expect the issue to see a muted listing. A total of 15 companies including Mindtree, South Indian Bank, and Cyient are scheduled to announce its quarterly earnings today.



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