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MARKET LIVE: Indices at days high, Sensex zooms 600 pts; financials lead – Business Standard

LIVE market updates: The Indian benchmark indices added to their early gains and traded over one per cent in Monday’s noon deals amid favourable global cues and further fall in daily Covid-19 cases across the country.

The S&P BSE rose 600 points, or 1.2 per cent, to 49,330 levels and the index tested the 14,850-mark. State Bank of India and IndusInd Bank rose 4 per cent, each, and were the top gainers, followed by ICICI Bank and Bajaj Finserv (both up 3%).

The Nifty sectoral indices traded mixed, with Nifty PSU Bank index, up 3.3 per cent, leading the gainers.

Broader tracked the gains in the benchmarks, and the S&P BSE MidCap and SmallCap indices were trading 1 per cent higher, each.

Results today

Bharti Airtel, Federal Bank, Colgate-Palmolive and Orient Cement are among the 24 companies slated to post their quarterly results today.

Bharti Airtel is set to announce its March quarter results of FY21 (Q4FY21) on Monday amid expectations of a strong operating print and a moderation in average revenue per user (ARPU) with interconnect usage charge (IUC) going to zero. Analysts will keep a keen eye on the management’s commentary on ARPU trajectory and non wireless business. READ MORE

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