MARKET LIVE: Indices volatile; Voda Idea slumps 15%, IT index hits new high

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LIVE market updates: Indian equities erased gains and slipped into the red amid profit-booking The frontline BSE Sensex declined 108 points, or 0.2 per cent, at 54,261 levels while the Nifty50 index dipped 45.5 points, or 0.28 per cent, to quote at 16,214-mark. Both the indices hit new highs of 54,576.64 and 16,294.65 in morning deals.


Sectorally, all expect the Nifty IT index were in the red led by banking and realty counters.

 

Individually, shares of Vodafone Idea hit 15 per cent lower circuit after Kumar Mangalam Birla stepped down as non-executive chairman of Vodafone Idea (Vi) after offering to give up his stake in the debt-ridden telecommunications (telecom) company.

Earnings today
Over 100 companies, including Adani Power, NCC, GAIL, Tata Chemicals, Cipla, Quess Corp, Indiabulls Housing Finance and Gujarat Gas are slated to post their results.

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