MARKET UPDATE:Sensex gained 500 points at 41,144 levels and Nifty topped the 12,000-mark


Published On: Thursday, November 5, 2020 | By:

MARKET UPDATE:Sensex gained 500 points at 41,144 levels and Nifty topped the 12,000-mark

The equity markets in India made a firm start today(5th November 2020), up over 1 percent, amid favourable global cues as Democrat candidate Joe Biden inched closer to the win in the US Presidential Elections 2020. The S&P BSE Sensex gained 500 points at 41,144 levels while the broader Nifty50 index topped the 12,000-mark for the first time since October 21, 2020. The Nifty50 index rose to above 12,050 level, the highest level in more than eight months. Among individual stocks, SBI rose over 6 percent, after the Q2 results, and was the top Sensex gainer, followed by HCL Tech (up 4 percent). Besides, other tech stocks Tech Mahindra and Infosys were also up 2 percent each. All the Nifty sectoral indices were trading in the green, led by the Nifty PSU Bank index, up 3 percent. The broader markets were also up, but not to the extent of the benchmarks. The S&P BSE MidCap and SmallCap indexes were both ruling 0.8 percent higher.

One hundred and twenty-seven companies including Berger Paints, Emami, and Godrej Consumer Products are scheduled to announce their results today.

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