Nifty sectoral indices were trading mixed with Nifty Auto index up 2.42 per cent. While Nifty Pharma and Nifty Realty indices were down over half a per cent.
Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity market benchmarks BSE Sensex and Nifty 50 were trading at day’s low on Friday, dragged by sell-off in index heavyweight Reliance Industries Ltd (RIL). BSE Sensex was trading weak and gave up the crucial 49,000, while the broader Nifty 50 index breached 14,400 level on the downside. Bajaj Auto, Mahindra & Mahindra, Asian Paints, Maruti Suzuki, Bharti Airtel, Bajaj Finserv were among other gainers on the index. On the flip side, Axis Bank was the worst performer, followed by Housing Development Finance Company, Tech Mahindra, HDFC Bank, ONGC, Dr Reddy’s Laboratories and Kotak Mahindra Bank among others. Nifty sectoral indices were trading mixed with Nifty Auto index up 2.42 per cent. While Nifty Pharma and Nifty Realty indices were down over half a per cent. In overnight trade on Wall Street, S&P 500 and tech-heavy Nasdaq Composite closed at record highs, while Dow Jones fell into negative territory.
Mukesh Ambani-led Reliance Industries Ltd is scheduled to announce its October-December quarter earnings later in the day today. Analysts at Goldman Sachs expect sequential core EBITDA growth of 13%/17% in 3Q/4QFY21 and 59% YoY growth in FY22 based on cyclical growth in the energy and chemicals business driven by economists’ above consensus global GDP view.