MARKET UPDATE:Sensex up 40 points at 34,240 levels and Nifty hovered around 10,100-mark


Published On: Friday, June 19, 2020 | By:

MARKET UPDATE:Sensex  up 40 points at 34,240 levels and Nifty hovered around 10,100-mark

The equity markets in India were trading flat with a positive bias today (19th June 2020), in line with the trends in most Asian indices. The S&P BSE Sensex was up 40 points at 34,240 levels and the Nifty50 index hovered around 10,100-mark. Bajaj Finance, up 4 percent, and ONGC, up 2 percent, were the top gainers in the Sensex pack. Reliance Industries scaled a new lifetime high of Rs 1,684 on the BSE after group chairman Mukesh Ambani said the conglomerate was now net debt-free after recent investments in its digital arm. He also said that RIL will list two group companies in five years. The trend among the Nifty sectoral indices was largely positive, led by the Nifty PSU Bank index, up 1.2 percent. In the broader market, the S&P BSE MidCap index and the SmallCap index climbed 0.6 percent and 1 percent, respectively.

Forty-six companies, including Punjab National Bank, LIC Housing Finance, and Cadila Healthcare are scheduled to announce their March quarter earnings today.

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