MARKET UPDATE:Sensex hovered around 38,870 levels and the Nifty trading near 11,490-mark


Published On: Wednesday, September 2, 2020 | By:

MARKET UPDATE:Sensex hovered around 38,870 levels and the Nifty trading near 11,490-mark

The equity markets in India were trading flat on today(2nd September 2020). Among the benchmark indices, the S&P BSE Sensex hovered around 38,870 levels and the Nifty50 index was trading near 11,490-mark. ONGC gained over 2 percent after the announcement of its June quarter results and was the top Sensex gainer in the early deals. UltraTech Cement, Tech Mahindra, and Tata Steel (all up 1%) were the other top gainers. On the other hand, Bajaj Auto and Kotak Mahindra Bank dipped 1 percent each. Shares of Vodafone Idea leaped 14 percent after the company announced a board meeting on September 4 to consider fundraising. The trend among Nifty sectoral indices was mixed, with the Nifty PSU Bank index, down 0.9 percent, being the major drag. In the broader market, the S&P BSE MidCap index was trading 0.7 percent higher and the SmallCap index was ruling 1 percent up.

sixty-nine companies including Coal India, Arvind Fashions, and Jubilant FoodWorks are scheduled to announce their June quarter earnings today.

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