Indian benchmark indices climbed off the day’s top and turned flat on Wednesday after a sharp fall in late morning deals.
The S&P BSE Sensex hovered around 35,470 points, up 43 points and the Nifty50 index fell below the psychological level of 10,500. Asian Paints climbed over 6 per cent post its March quarter results announcement and was the top Sensex gainer. Besides, ITC and Bajaj Auto ticked up 4 per cent and 3 per cent, respectively.
Bank of Baroda shot up 9 per cent in opening deals after reporting a profit of Rs 507 crore in the March quarter of FY20 (Q4FY20).
The trend among Nifty sectoral indices was mixed, with the gains in Nifty Auto and Nifty PSU Bank index (both up 1%) being offset by Nifty Pharma index (down 1%).
The broader market was performing marginally better than the benchmarks. Both the S&P BSE MidCap and SmallCap index were trading 0.4 per cent higher.
Today, a total of 85 companies, including the likes of Canara Bank, Indian Oil Corporation, GAIL, and India Cements, are scheduled to announce their March quarter earnings.
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