Share Market LIVE: Sensex sits in green, crosses 53,000, Nifty nears 15,900; Titan, Infosys top gainers

India VIX was up 4%.
(Image: REUTERS)

Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity markets started the day’s trade in the red amid mixed global cues but soon rebounded to turn green. After initial weakness, S&P BSE Sensex was up in the green, regaining 53,000 mark, while the NSE Nifty 50 index was nearing 15,900. Bank Nifty was down 0.15% at 34,977. Broader markets followed benchmark indices with with smallcap indices outperforming. India VIX was up 4%. ITC, Tata Steel, Titan, and Reliance Industries were the top gainers on Sensex while banking and finance stocks were among the worst performers. SBI, Axis Bank, ICICI Bank, HDFC were among the top drags. 

Dalal Street will continue to be moved by the earnings season this week along with initial public offerings. Late last week India’s largest private company, Reliance Industries Ltd (RIL), announced its quarterly results. This was followed by cigarette to hospitality giant ITC and banking behemoth ICICI Bank over the weekend. “Markets will first react to results of three majors Reliance Industries, ITC and ICICI Bank on Monday whose weightage in Nifty is ~20%. It will track global cues for further market direction while a lot of stock-specific action will be seen given the earnings season in progress,” said Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services. This week markets may see the opening of Glenmark Life Sciences and Rolex Rings’ IPO. Later, investors will also keep tabs on the listing of Tatva Chintan Pharma. 

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