Stock Market LIVE Updates: Indian equity benchmarks BSE Sensex and NSE Nifty50 extended losses after a gap-down start on Tuesday tracking weakness across global markets as investors started the holiday-shortened week in a risk-off mood.
Spot gold was up 0.3 percent at $1,958.61 per ounce, as of 0407 GMT, after hitting its highest in nearly a month on Monday.
“If they’re able to even maintain their operating profit margins at these levels by containing their employee costs, we should have a lot of surprises on the earnings front for the next 2-3 quarters or so.
TCS COO N Ganapathy Subramaniam tells CNBC-TV18 that the company’s deals and pipeline gives it the ability to mix and match.
Tata Consultancy Services shares recover initial losses to make it to positive territory, a day after the IT major kicked off the corporate earnings season.
JSW Steel, Larsen & Toubro, BPCL, Bajaj Finserv and Tata Consumer also among the top losers.
Both headline indices fall as much as 0.8 percent in early deals after a gap-down start.
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