MARKET UPDATE:Sensex aup 400 points to 37,856 levelels, and Nifty 112.5 points up at 11,135 levels
Published On: Tuesday, July 21, 2020 | By: Team KnowMyStock
The Indian stock market opened on a positive note today(21st July 2020) amid across-the-board buying and firm global cues. The S&P BSE Sensex was ruling over 400 points or over 1 percent higher at 37,856 levels while the NSE's Nifty50 was trading 112.5 points or 1 percent higher at 11,135 points. Among individual stocks, ICICI Bank was up 2.6 percent and was the top gainer on the Sensex, followed by Power Grid and Ultratech Cement. FMCG major HUL was trading nearly 0.5 percent higher at Rs 2,341.35 ahead of its June quarter numbers later in the day. On the sectoral front, all the indices on the NSE were trading in the green. Nifty PSU Bank was up over 2 percent at 1,472.40 levels. In the broader market, the S&P BSE MidCap index gained 0.78 percent higher at 13,761 levels while the S&P BSE SmallCap index was trading at 13,020, up 0.8 per cent.
In the overnight trade, US stocks gained ground and technology shares pushed the Nasdaq to a record closing high, as promising trial results from potential Covid-19 vaccines boosted investor sentiment.
More than sixty companies, including Hindustan Unilever (HUL), Axis Bank, Bajaj Finance, Crisil, IndiaMART InterMESH, Polycab, and SBI Life, among others are slated to release their June quarter results later in the day.
Tags: Indian equity market
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