MARKET UPDATE:Sensex gained 400 points to 39,140 levels and the Nifty topped the 11,500-mark


Published On: Monday, October 5, 2020 | By:

MARKET UPDATE:Sensex gained 400 points to 39,140 levels and the Nifty topped the 11,500-mark

The markets in India were trading firm, in line with Asian indices, today(5th Oct.2020) on reports that US President Donald Trump could return to the White House today after responding well to Covid-19 treatment. Among headline indices, the S&P BSE Sensex gained 400 points, 1 percent, to 39,140 levels and the Nifty50 index topped the 11,500-mark. TCS and IndusInd Bank (up 5%) were the top Sensex gainers. The trend among Nifty sectoral indices was positive, led by the Nifty IT index, up 1.7 percent. Meanwhile, the volatility index, India VIX, shot up 6 percent. Meanwhile, in the broader market, the S&P BSE MidCap and SmallCap indexes were trading half a percent higher, each. One of the largest retail broking houses, Angel Broking, will debut at the bourses today. The issue price is fixed at Rs 306 per share, the higher end of the price band. The IPO was oversubscribed nearly four times.

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