25 Jan Sensex, Nifty trade lower, PSU banks fall, Maruti Suzuki rise

25 Jan Sensex, Nifty trade lower, PSU banks fall, Maruti Suzuki rise:

Indian share markets opened little higher with Sensex and Nifty rising high in opening trade on Thursday but both the key indices soon.. 

Shares of Maruti Suzuki gained 0.4% to Rs. 9463.55 ahead of its Q3 earnings due later in the day, while Shares of PSU banks traded mixed since a profit booking was emerged after yesterday’s surge ahead of FM Arun Jaitley detailing about Rs 2.11 lakh cr, PSU bank recap plan. Shares of the UCO Bank rose over 6% while the stock of Biocon slipped nearly 5% after the company reported a drop of 46% in the net profit to Rs 92 crore. 

Shares of Dr Reddy’s Lab and UPL will be closely watched ahead of their respective Q3 earnings. Other top companies which are also announcing their respective Q3 results include LIC Housing Finance, Ajanta Pharma, Future Jindal Steel & Power, Tata Coffee, L&T Finance Holdings, Avenue Supermarts and Shriram City Union Finance.