Benchmark indices climbed half a percent today(3rd July 2020), tracking similar trends in other Asian markets.
The S&P BSE Sensex rose 150 points to over 36,000 and the Nifty50 index topped the 10,600 level. Bajaj Auto, Axis Bank, and Powergrid (all up 1%) were the top Sensex gainers. Reliance Industries gained 1 percent after the company announced that Intel has invested Rs 1,894.5 crore in Reliance Jio for a 0.39 percent stake.
Moreover, JB Chemicals rose 3 percent after it said global investment firm KKR will pick up a controlling stake of 54 percent in the company. Meanwhile, HDFC Life was also trading 3 percent higher as the company will replace Vedanta on Nifty with effect from July 31.
The trend among Nifty sectoral indices was positive, led by the Nifty Pharma index, up 0.8 percent.
Eighteen companies including Indiabulls Housing Finance are scheduled to announce their results today.