ITC will be in focus after it reported net profit of Rs 3,748 crore in the quarter ended March 2021, marking a decline of 1.3% compared to the same quarter last year.
Sensex, Nifty Edge Lower; Banking, Financials Witness Selling Pressure The Sensex slipped as much as 51 points and Nifty 50 index dipped below its important psychological level of 15,300.
Updated: May 27, 2021 9:45 am IST
The Indian equity benchmarks edged lower on Thursday taking cues from other Asian markets ahead of the monthly expiry of May futures and option contracts due later in the day. The Sensex slipped as much as 51 points and Nifty 50 index dipped below its important psychological level of 15,300.
As of 9:26 am, the Sensex was down 33 points at 50,960 and Nifty 50 index was unchanged at 15,301.
Asian shares retreated from two-week highs on Thursday and China started on the backfoot on fears central banks were closer to considering winding back their emergency stimulus while the dollar held at a one-week top.
Tata Chemicals will be in focus after it reported March quarter earnings post market hours on Monday.
The Indian equity benchmarks are set to open on a flat note as indicated by the Nifty futures traded on the Singapore Exchange. Nifty futures of Singapore Exchange commonly known as the SGX Nifty futures slipped 13 points or 0.09 per cent to 14,670. Meanwhile, most of the Asian markets were trading lower with Taiwan Weighted index down 2 per cent, Hong Kong s Hang Seng up 0.4 per cent and South Korea s KOSPI down 0.5 per cent.
Overnight, The S&P 500 and the Dow indexes rose on Monday as a largely upbeat earnings season strengthened expectations of sustained profit growth, while the Nasdaq came under pressure from declines in some high-flying growth stocks.