MARKET UPDATE:Sensex gained 280 points to 40,530 levels and Nifty was above the 11,850-mark
Published On: Wednesday, November 4, 2020 | By: Team KnowMyStock
The Indian equity markets rose over half a percent today(4th November 2020) as early trends showed Democratic candidate Joe Biden racing ahead of Republican Donald Trump in the US presidential elections. Among the headline indices, the S&P BSE Sensex gained 280 points, or 0.7 percent, to 40,530 levels and the Nifty50 index was above the 11,850-mark. Infosys, Sun Pharma, and HCL Tech (all up 3%) were the top Sensex gainers. The trend among Nifty sectoral indices was mixed, with the Nifty IT index, up 2 percent, leading the list of gainers. In the broader market, the S&P BSE MidCap and SmallCap indices were up half a percent, each. Ninety-one companies including State Bank of India, Lupin, and Adani Enterprises, are scheduled to announce their quarterly results today.
Analysts remain divided on SBI's bottom-line figures for the quarter which may come in anywhere between Rs 2,172 crore and Rs 4,676 crore.Slower growth in net interest income, muted loan growth, an unchanged net interest margin, and decline in operating profit may mark the quarter.
Tags: Indian equity market
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