Indian Equities Tussle In Volatile Trade As Covid-19 Cases Rise

Indian Equities Tussle In Volatile Trade As Covid-19 Cases Rise

04 May 2021 11:39 AM
 

Indian equities struggled to make headway today as the country crossed the milestone of 20 million coronavirus cases, with losses in heavyweights Reliance and HDFC Bank limiting advances by most banks and metal stocks.

The NSE Nifty 50 index inched up 0.08% to 14,645.95, while the benchmark S&P BSE Sensex was up 0.03% at 48,734.19. The Nifty midcap and smallcap indexes, however, gained more than 1% each.

ICICI Bank, Kotak Mahindra Bank, State Bank of India and Bajaj Finance were among the top boosts to the Nifty 50, gaining 1.9%-2.8%.

The Nifty Bank index climbed 1.3%, while the Nifty Metal index gained 1.9% to a record high on strong metal prices.

Reliance Industries and top lender HDFC Bank fell about 1.5% each.

Tata Chemicals slid nearly 8% and L&T Technology Services slumped 8.6% after both companies reported weaker quarterly profit.