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Indian Markets Trade Higher, Asian Markets Quiet


Indian benchmark indices were trading higher, even as global cues were quiet, with most Asian markets marginally down.

Dow Futures also pointed lower, which impacted sentiments across Asia. The Sensex was trading with gains of 155 points, while the Nifty rallied 50 points in trade.

Indian Markets Trade Higher, Asian Markets Quiet

Shares in aviation companies saw some early buying support, after the government allowed select flights to resume from Monday. Shares in Interglobe Aviation gained 8 per cent, while SpiceJet was up 5 per cent in trade.

Bajaj Auto saw its shares climb 3 per cent, after its quarterly numbers beat street expectations even as it reported a nearly flat profit growth for the quarter ended March. However, the company did warne it expects to continue witnessing an impact of the Covid-19-induced lockdown.

Mahindra Logistics saw its share price fall 2 per cent, after the company said its net profit declined 59 per cent to Rs 10 crore in the quarter ended March 31, 2020.

Kalpatru Power saw its share price jump 3 per cent, after the company's consolidated net profit dipped over 92 per cent to Rs 13 crore in the quarter ended March 31.

Meanwhile, most markets across Asia were trading in the red, including the Japanese Nikkei and the Hong Kong's Hang Sang.

Read more about: indian markets asian markets
Story first published: Thursday, May 21, 2020, 9:29 [IST]
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