Market update:Sensex rallies 800 points, Nifty above 9,750
Published On: Thursday, April 30, 2020 | By: Team KnowMyStock
Equity markets in India advanced today (30th April 2020) tracking favourable global cues. The S&P BSE Sensex jumped 870 points, or 2.7 percent, at 33,590 and the Nifty50 index hovered around 9,805 levels. Auto stocks led the charge. Maruti Suzuki India (up 6%) and Mahindra & Mahindra (up 4%) were among the top Sensex gainers. Reliance Industries was also up 1 percent ahead of the March quarter results today. All the Nifty sectoral indices were in the green, led by the Nifty Auto index, up 5 percent.
Results Today
Reliance Industries is expected to take a steep hit with a sharp drop in gross refining margins although non-energy businesses like retail and telecom are expected to save the day.
In IT major Tech Mahindra's Q4 results, investors will watch out for any update on the execution of large deals it won in the past four-five months, and a timeline of progress on its 5G rollout.
Hindustan Unilever, like most consumer goods companies, would have taken a hit during the quarter under review due to Covid-19 lockdown, which has caused enormous logistical issues
Tags: Market update sensex nifty
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