The benchmark indices slipped into the red zone after giving up their modest opening gains in Friday’s volatile session.
The S&P BSE Sensex hovered around 38,760 points after falling around 150 points from the opening highs.The Nifty50 index also gave up the 11,450-mark. Titan, HDFC Bank, Kotak Mahindra Bank, and State Bank of India (all up 1%) were the top Sensex gainers. On the other hand, Reliance Industries slipped 0.9 per cent after the company called the reports about Amazon’s interest in Reliance Retail ‘speculative’.
The Nifty sectoral indices were trading largely in the green, led by Nifty PSU Bank index, up 0.9 per cent.
In the broader market, both the S&P BSE MidCap and SmallCap indexes were trading half a per cent higher.
A total of 104 companies including IRCTC, BHEL, and Adani Green are scheduled to announce their quarterly earnings today.