MARKET UPDATE:Extended rally-Sensex up 333 points at 37,272 level and Nifty at 10,990 level
Published On: Tuesday, August 4, 2020 | By: Team KnowMyStock
Equities in Indian markets extended their rally and were trading nearly a percent higher today(4th August 2020). The benchmark S&P BSE Sensex was at 37,272 level in morning deals, up 333 points, or 0.9 percent. RIL, ONGC, ITC, Asian Paints, and Maruti Suzuki trading as top gainers on the index. On the downside, IndusInd Bank, TechM, Power Grid, and HCL Tech slipped in the red. HDFC Bank surged over 5 percent after media reports suggested the Reserve Bank of India has approved Sashidhar Jagdishan's name for the post of CEO of the bank. The broader Nifty50, meanwhile, was at 10,990 level, up 92 points, or 0.9 percent. Sectorally, the Nifty IT index slipped into the red, down 0.4 percent, after US President Donald Trump on Monday signed an executive order restricting federal agencies from contracting or subcontracting foreign workers, hurting Indian IT professionals who work in the US on the H-1B visa.
In the broader market, the S&P BSE MidCap index was at 13,827 level, up 0.8 per cent. The S&P BSE SmallCap index, on the other hand, was at 13,272 level, up 0.9 per cent.
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