MARKET UPDATE:Sensex gained 400 points to 40,190 levels and Nifty testing the 11,800-mark


Published On: Tuesday, November 3, 2020 | By:

MARKET UPDATE:Sensex gained 400 points to 40,190 levels and Nifty testing the 11,800-mark

The equity markets in India were trading firm today, up over 1 percent, on the back of favourable global cues, ahead of the US presidential polls. Among the headline indices, the S&P BSE Sensex gained 400 points, or 1.1 percent, to 40,190 levels and the Nifty50 index was testing the 11,800-mark. ICICI Bank (up 4%) was the top Sensex gainer, followed by State Bank of India, IndusInd Bank, and HDFC Bank (all up 2%). NTPC also ticked up in early deals after its board approved the buyback of 197.8 million equity shares at a price of Rs 115 per unit. All the Nifty sectoral indices were trading in the green, led by the Nifty Bank index, up 2 percent, which was trading at its highest level since March 13.

In the broader market, the S&P BSE MidCap and SmallCap indexes were trading 0.9 per cent and 0.6 per cent higher, respectively.

Ninenty companies including Sun Pharma, Adani Gas, Dabur India, and PVR are scheduled to announce their quarterly results today.

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