MARKET UPDATE:Sensex climbed 338 points to 38,520 levels and Nifty topped the 11,350-mark


Published On: Tuesday, August 11, 2020 | By:

MARKET UPDATE:Sensex climbed 338 points to 38,520 levels and  Nifty topped the 11,350-mark

The equity markets in India India rose over half a percent today(11th August 2020), in line with a strong trend in other Asian markets. The S&P BSE climbed 338 points to 38,520 levels and the Nifty50 index topped the 11,350-mark. ICICI Bank gained 2 percent after the bank launched its qualified institutional placement (QIP), setting the floor price at Rs 351.36 per share. Besides, Axis Bank and Tata Steel (both up 2%) were among the other top gainers. On the other hand, Titan slipped over 3 percent after the announcement of its June quarter results. All the Nifty sectoral indices were trading in the green, led by the Nifty Metal index, up 2 percent. Today, 90 companies, including RITES, Motherson Sumi, and Metropolis Healthcare, are scheduled to announce their June quarter results.

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