MARKET UPDATE:Indices hold gains, Sensex up 250 pts;all Nifty sectors in the green


Published On: Thursday, April 23, 2020 | By:

MARKET UPDATE:Indices hold gains, Sensex up 250 pts;all Nifty sectors in the green

Equity markets in India were trading higher today (23rd April 2020) on the back of positive global cues. The S&P BSE Sensex rose 250 points, or 0.8 percent, to 31,630 and the Nity50 index was around 9,270 levels. Among individual stocks, Titan declined 3 percent after Goldman Sachs downgraded the stock to 'sell'. Zee Entertainment, on the other hand, hit 10 percent upper circuit. Kotak Mahindra Bank, up 5 percent, was the top gainer in the Sensex pack. All the Nifty sectors were in the green, led by the Nifty Metal index, up 2.8 percent. Broader indices outperformed the benchmarks with both the S&P BSE MidCap as well as SmallCap indexes up over 2 percent each. In the earnings department, a total of seven companies including Britannia, Bharti Infratel, and Hathway Cable are scheduled to announce their March quarter results today.

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