MARKET UPDATE: Sensex at 30,550 and the Nifty around 8,970 levels


Published On: Tuesday, May 19, 2020 | By:

MARKET UPDATE: Sensex at 30,550 and the Nifty around 8,970 levels

Indian markets tracked the other Asian markets and advanced today (19th May 2020), propped up by HDFC twins and Bharti Airtel. The S&P BSE Sensex jumped 527 points, or 1.75 percent, to 30,550 levels and the Nifty50 index hovered around 8,970 levels. ONGC, up 6 percent, was the top Sensex gainer. Besides, Bharti Airtel surged 10 percent post its March quarter results to hit a new lifetime high, while HDFC also rose over 4 percent. Nifty sectoral trends remained largely positive, led by the Nifty Financial Services index, up 1.6 percent. In the broader market, the S&P BSE MidCap and SmallCap indexes were up half a percent each. Today, 18 companies, including Bajaj Finance, Apollo Tyre, and Ujjivan Small Finance Bank, are scheduled to announce their March quarter earnings.

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