MARKET UPDATE:Indices flat;Sensex at 39,090 levels, and Nifty at 11,500-mark
Published On: Wednesday, September 16, 2020 | By: Team KnowMyStock
The equity markets in India today (16th Sept.2020) were trading flat with a positive bias, tracking mixed cues from other Asian markets.
The S&P BSE Sensex added 50 points at 39,090 levels and the Nifty50 index topped the 11,500-mark. Mahindra & Mahindra, Larsen & Toubro, and Bajaj Auto (all up 3%) were the top Sensex gainers. On the other hand, State Bank of India and Axis Bank were trading half a percent lower.
Aurobindo Pharma rose 4 percent in early deals after the company announced its collaboration with the Council of Scientific and Industrial Research to develop vaccines to protect against Covid-19.
The trend among Nifty sectoral indices was largely positive, led by the Nifty Auto index, up 0.7 percent.
In the broader market, the S&P BSE MidCap and SmallCap indexes were trading 0.4 percent higher, each.