MARKET UPDATE: Sensex gains 300 points, Nifty tops 9,400


Published On: Thursday, May 28, 2020 | By:

MARKET UPDATE: Sensex gains 300 points, Nifty tops 9,400

Markets in India were trading over one percent higher today, in line with other Asian markets, ahead of the expiry of futures and options contracts of May series. The S&P BSE Sensex jumped 350 points, or 1.12 percent, at 31,960 levels and the Nifty50 index reclaimed the 9,400 levels. Larsen & Tubro and ONGC (both up 3 percent) were the top Sensex gainers. Besides, the HDFC twins also inched 2 percent higher and contributed majorly to the index's up move. The trend among Nifty sectoral indices was largely green, led by the Nifty Private Bank index, up 1.8 percent. Twentyfour companies, including TVS Motor, Lupin, and Federal Bank, are scheduled to announce their March quarter results today.

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