MARKET UPDATE:Sensex hovered around 38,850 and Nifty holding the 11,500-level


Published On: Monday, September 21, 2020 | By:

MARKET UPDATE:Sensex hovered around 38,850 and Nifty holding the 11,500-level

The Indian benchmark indices were started the expiry week of the September series derivative contracts on a flat note, tracking similar trends from the other Asian markets today(21st Sept.2020) The S&P BSE Sensex hovered around 38,850 and the Nifty50 index was holding the 11,500-level. Tech stocks were the top gainers in the Sensex pack, led by HCL Tech (up 4%). TCS, Tech Mahindra, and Infosys were also up 1 percent each. The trend among the Nifty sectoral indices were largely negative, led by the Nifty PSU Bank index, down half a percent. On the other hand, the Nifty Pharma index was trading 1 percent higher. In the broader market, the S&P BSE MidCap index was trading flat while the SmallCap index was up 0.5 percent. Route Mobile will debut at the bourses today after the finalisation of the issue price at Rs 350 per share. The issue was subscribed over 73 times and is expected to list at a premium of 50-60 percent.

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