MARKET UPDATE:Sensex gained 300 points to 40,860 levels, and the Nifty reclaimed the level of 12,000
Published On: Monday, October 12, 2020 | By: Team KnowMyStock
The markets in India rose nearly one percent today(12th October 2020), ahead of the press conference of Finance Minister Nirmala Sitharaman on economic issues at 12:30 pm today. Among headline indices, the S&P BSE Sensex gained 300 points to 40,860 levels, and the Nifty50 index reclaimed the psychological level of 12,000 for the first time since February 24, 2020. Axis Bank, State Bank of India, ITC, and HDFC (all up 2%) were the top Sensex gainers. On the other hand, shares of Vedanta hit 10 percent lower circuit after the company failed to receive the required number of shares to delist Vedanta Limited. The trend among Nifty sectoral indices was mixed, with the Nifty Bank index, up 1 percent, leading the list of gainers. The broader market continued to underperform, with the S&P BSE MidCap and SmallCap indexes trading 0.3 percent higher, each.
Shares of UTI Asset Management Company and Mazagon Dock will list at the bourses today. State-owned defence major Mazagon Dock Shipbuilders had fixed issue price at Rs 145 per share after the issue received a hefty 157 times subscription while UTI Asset Management Company fixed the issue price at Rs 554 per share after receiving a rather tepid response.
Tags: Indian markets
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