Market shows red mark, Sensex falls 100 pts
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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