MARKET LIVE: Sensex gains 200 pts, Nifty tests 14,550; Tech M advances 2%

Industry experts claimed the FM’s determination to go for asset monetisation, rather of an boost in taxation, served soothe investors’ nerves | Picture: PTI

Amongst essential indices, the benchmark S&P BSE Sensex quoted at forty eight,549 degrees, up 162 details, in early morning bargains. Tech M, Bajaj Finance, Reliance Industries, and Power Grid have been the top gainers on the Sensex even though Kotak Mahindra Lender, Axis Lender, Asian Paints, and HDFC have been foremost the listing of losers.

On the NSE, the Nifty50 hovered about fourteen,522 degrees.

Independently, Tech Mahindra acquired 1.seven for every cent on the BSE soon after the IT important on Monday described web revenue of Rs 1,081 crore for the fourth quarter ended March 31, 2021, up 34.6 for every cent year-on-year (YoY). On a sequential foundation, the determine was down seventeen.four for every cent from Rs 1,309.8 crore.

SBI Card, in the meantime, rallied 1.3 for every cent on a web revenue of Rs one hundred seventy five crore in the March quarter of FY21, up one hundred ten for every cent compared to Rs eighty four crore in the same period of time final year.

Broader markets have been when again outperforming the frontline indices. The S&P BSE MidCap index was up .five for every cent and the S&P BSE SmallCap index additional .seven for every cent.

Amongst essential sectors, barring the Nifty Lender index (down .16 for every cent), all other indices have been trading in the environmentally friendly. The Nifty Metal index acquired 1.two for every cent on the NSE, adopted by the Nifty Realty index (1 for every cent), and the Nifty IT and Pharma indices, up .five for every cent each.  

Earnings now
A total of 28 companies are established to report their March quarter effects now including largecap names these as Axis Lender, Maruti Suzuki, Bajaj Finance, Britannia and HDFC AMC.