MARKET UPDATE: Sensex gains 600 points, Nifty above 9,400


Published On: Monday, May 11, 2020 | By:

MARKET UPDATE: Sensex gains 600 points, Nifty above 9,400

Indian markets followed their Asian counterparts and advanced over 1 percent today,11th May 2020 lifted by financials and auto stocks. The S&P BSE Sensex rose 608 points to over 32,200 mark and the Nifty50 index was above 9,400 levels. Among individual stocks, IRCTC rose 5 percent after the government said that 15 sets of trains will be started from tomorrow. Reliance Industries was also up over 2 percent after fixing May 14 as the record date for the rights issue. Besides, IndusInd Bank and Maruti Suzuki were also up 2 percent each. The trend among Nifty sectoral indices was positive, led by the Nifty Auto index, up 2.4 percent. A total of 13 companies, including Godrej Properties, Wockhardt, and Motilal Oswal, are scheduled to announce their March quarter earnings.

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