MARKET UPDATE:BSE reclaimed the 35,000 level and the Nifty topped 10,300-mark
Published On: Monday, June 22, 2020 | By: Team KnowMyStock
Equity markets in India were rose over a percent in today's (22nd June 2020) morning deals, lifted by pharma and bank stocks. The S&P BSE Sensex gained 400 points and reclaimed the 35,000 level and the Nifty50 index also topped 10,300-mark. Bajaj twins (Bajaj Finserv, Bajaj Finance) both shot up 5 percent each and were the top Sensex gainers. Besides, IndusInd Bank and Bajaj Auto also rose over 2 percent each. Reliance Industries climbed another 2 percent and hit $150 billion m-capitalisation. Among other stocks, Glenmark Pharmaceuticals surged 15 percent to Rs 470.45 after it became the first Indian company to secure drug regulator’s nod on manufacturing and marketing the antiviral drug, Favipiravir in India. The trend among Nifty sectoral indices was all green, except the Nifty IT index, led by the Nifty Pharma index, up 1.8 percent.
Broader indices outperformed the benchmarks and both the S&P BSE MidCap index, as well as the SmallCap index, were trading 1 percent higher each.
Sixty one companies including Dhanlaxmi Bank and AIA Engineering, are scheduled to announce their March quarter earnings.
Tags: Indian equity market
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