Indian equity markets saw a positive opening on Tuesday. The Sensex rose 116 points at 38,330 and the Nifty was up 27 by points at 11,368 in opening trade. (9.28AM)
Sectorally, indices traded mixed with Nifty Metal leading the losers and Nifty Pharma leading the gainers.
IOC, Britannia, and HUL were the top gainers, trading up by over 1%. Infosys, ZEEL, and Bharti Infratel were the top losers on the NSE.
HUL gained 1.42% after posting its Q2FY20 results. The company reported a net profit of Rs1,848cr during the July to September quarter, up 21% yoy. HUL's margin rose driven by an improved mix, softening commodity prices in large segments as well as savings agenda. The EBITDA was up 16% yoy at Rs2,443cr.
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