The Key benchmark indices were trading with small loses early morning trade on negative Asian stocks, while corporate earnings and GST rate speculations and good monsoon forecast capped the losses. Subsequently at 10.15 am, the BSE Sensex was trading up 46.93 points or 0.15% at 30,629.53 and the NSE Nifty index was also up 2.90 points or 0.03% at 9,515.15. The broader BSE Midcap index and Smallcap index were trading up 0.22% and 0.18%, respectively.
Mahindra and Mahindra, TCS, Tata Steel, ICICI Bank gained the most on BSE Sensex while Bhari Airtel Ltd, Dr Reddy's, ITCand L&T suffered the most.
Sobha Developers gained 7.38% after the company reported 70% increase in its consolidated net profit at Rs 47.00 crore for the quarter ended March. The net profit of the company stood at Rs 27.6 crore in the year-ago period, as reported by the company.
About 50 companies are going to announce their earnings today which includes the majors like Hindustan Unilever Ltd, JSW Steel, Indian Oversea Bank, Allahabad Bank, Bajaj Finance, Bajaj Finserv, United Breweries and MRPL.
Asian markets were almost lower today on muted loom from Wall Street despite political and legal chaos prevailing US President Donald Trump.
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