Stock Market Live: GIFT Nifty Indicates Tepid Start; Axis Bank, Tech Mahindra, RIL Share Prices In Focus

GIFT Nifty Above 24,500; Axis Bank, Tech Mahindra, RIL Share Prices In FocusThe GIFT Nifty The GIFT Nifty was trading 0.05% or 12.50 points higher at 24,534.

00 as of 6:41 a.m., signalling muted-to-higher start for the Nifty 50.



Axis Bank Ltd. and Tech Mahindra Ltd. reported higher than expected net profit for January and March period.

Macrotech Developers Ltd., Mphasis Ltd., and Indian Energy Exchange Ltd.

reported positive growth in its net profit for the fourth quarter. L&T Technology Services Ltd., Tanla Platform, and Aavas Financiers reported lower profit.

The share prices of these companies may react because of the fourth quarter results. The NSE Nifty 50 and BSE Sensex snapped a seven-day winning streak on Thursday, ahead of the earnings announcement from Axis Bank Ltd., and L&T Technology Service Ltd.

ICICI Bank Ltd. and Bharti Airtel Ltd. share prices dragged the benchmark the most.

The Nifty 50 ended 82.25 points, or 0.34% down at 24,246.

70, and the Sensex ended 315.06 points, or 0.39% lower at 79,801.

43.Stock Market Highlights: Nifty, Sensex Snaps Seven-Day Winning Streak As ICICI Bank, Airtel Weigh. Read more on Markets by NDTV Profit.

.