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Indian markets are taking cues from the Q2 earnings season which is currently underway. Many midcap companies like LIC Housing Finance, Mindtree, Mastek and Sintex would announce their earnings today.
The market rebounded nicely after a correction in previous three consecutive sessions. The Sensex rallied 146.63 points to 26926.29 and the Nifty rose 45.60 points to 8153.50. The market breadth was positive as about 589 shares advanced against 128 declining shares on the BSE. Vedanta, Hindalco, Tata Motors, Tata Steel, L&T, Zee Entertainment and Kotak Mahindra Bank gained 1-2 percent. HUL and Bharti Airtel lost ground.
The market rebounded nicely after a correction in previous three consecutive sessions. The Sensex rallied 146.63 points to 26926.29 and the Nifty rose 45.60 points to 8153.50. The market breadth was positive as about 589 shares advanced against 128 declining shares on the BSE. Vedanta, Hindalco, Tata Motors, Tata Steel, L&T, Zee Entertainment and Kotak Mahindra Bank gained 1-2 percent. HUL and Bharti Airtel lost ground.
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