Sensex edges higher; earnings season in focus next

MUMBAI: The BSE sensex edged higher amid volatility caused due to the expiry of the September equity derivative contracts on Thursday, led by Sun Pharma, which rose to an all-time high on hopes of higher sales of a key cancer drug.

Financial shares gained after the Reserve Bank of India (RBI) said on Wednesday it would take action, including conducting open market operations, to ensure adequate liquidity is available in the banking system and acknowledged liquidity conditions had been tightening.

Traders say the markets may at best consolidate around the current levels as earnings reports, which are not expected to spring any positive surprises, would be in focus during October while the general elections would become the main focus in November. 

Amit kr. pandey

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