MARKET LIVE: Sensex volatile, Nifty above 10,350; Nifty PSU Bank gains 3%

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Indian markets were trading higher in Tuesday’s volatile trade, lifted primarily by gains in public sector banks.

The S&P BSE Sensex rose 150 points and topped 35,000-level while the Nifty50 index was ruling above 10,350. IndusInd Bank (up 4%) and NTPC (up 4%) were the top Sensex gainers. On the other hand, TCS dipped 0.6 per centafter US President Donald Trump suspended the entry into the United States of certain foreign workers.

All the Nifty sectoral indices, except Nifty IT, were trading higher, led by Nifty PSU Bank index, up 3 per cent.

Broader indices continued to outperform the benchmarks. The S&P BSE MidCap and SmallCap indexes were up 1 per cent and 0.84 per cent, respectively.

Results today

A total of 78 companies, including Asian Paints, Bank of Baroda, and Berger Paints, are scheduled to announce their March quarter earnings today.

Hit by business disruption amid Covid-19 outbreak and merger with Dena and Vijaya Bank, analysts expect Bank of Baroda to post muted quarterly earnings. Asset quality figures would be keenly watched due to their exposure to the telecom sector. READ MORE

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