MARKET UPDATE:Sensex jumped 312 pts to 38,530 levels, Nifty reclaimed the 11,400-mark


Published On: Friday, August 21, 2020 | By:

MARKET UPDATE:Sensex jumped 312 pts to 38,530 levels, Nifty reclaimed the 11,400-mark

The markets in India rose over half a percent today(21st August 2020), following the firm trend in the Asian markets. The S&P BSE Sensex jumped 312 points, or 0.82 percent, to 38,530 levels, and the Nifty50 index reclaimed the 11,400-mark. PowerGrid (up 3%), NTPC, and SBI (both up 2%) were the top Sensex gainers. Among other individual stocks, GMM Pfaudler surged over 8 percent in early deals after it said it has acquired a 54 percent stake in its parent firm Pfaudler Group for a consideration of around $27.4 million. The trend among Nifty sectoral indices was positive, led by the Nifty PSU Bank index, up 1.6 percent. Meanwhile, the broader markets kept up their outperformance, with the S&P BSE MidCap and SmallCap indexes both trading over 1 percent higher. Fifty-one companies including PNB, Indiabulls Housing Finance, and Union Bank of India, are scheduled to announce their June quarter results today.

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