Wednesday, August 5, 2020
Indian stock market was trading nearly a percent higher today(5th August 2020).
The benchmark S&P BSE Sensex was ruling 325 points or 0.86 percent, higher at 38,013 level. Tata Steel and Axis Bank, up 2.4 percent each, were the top gainers on the index, followed by gains in IndusInd Bank and Reliance Industries (up 2 percent each), and Bajaj Finance (1 percent).
On the downside, only Power Grid and Nestle were trading as laggards on the 30-share index, down 1 percent each.
The broader Nifty50, meanwhile, was inching towards 11,200-level, and was at 11,187 in early deals
Sectorally, metal stocks surged higher amid positive global cues. The nifty Metal index was up 2 percent on the NSE, while Nifty Auto and Private Bank indices advanced 1 percent, each.
In the broader market, the S&P BSE MidCap index was at 13,984 level, up 0.92 percent. On the other hand, the S&P BSE SmallCap index was up 0.8 percent at 13,424 level.