Equity markets in India climbed off the opening highs today, 28th April 2020.
The S&P BSE Sensex turned flat at 31,770 levels after earlier rising as much as 350 points. The Nifty50 index hovered around 9,300 zones. Among individual stocks, IndusInd Bank surged 10 percent. Besides, Axis Bank and HDFC also gained 3 percent each. Reliance Industries quickly pared the initial gains to slip 1 percent.
All the sectoral indices, except the Nifty Pharma index, gained, led by Nifty Private index, up over 2 percent.
In the broader market, the S&P BSE MidCap index was up 0.7 percent and the SmallCap index gained nearly 1 percent.
Axis Bank is scheduled to announce its March quarter results today.