MARKET UPDATE:Sensex rose 250 points to 35,114 levels, and Nifty testing the 10,400-mark


Published On: Friday, June 26, 2020 | By:

MARKET UPDATE:Sensex rose 250 points to 35,114 levels, and Nifty testing the 10,400-mark

The equity markets in India were trading nearly a percent higher today 26th June 2020), in line with the trend in other Asian markets. The S&P BSE Sensex rose 250 points to 35,114 levels, and the Nifty50 index was testing the 10,400-mark. IndusInd Bank (up 4%) and Infosys (up 2%) were the top Sensex gainers. ITC was also trading 2 percent higher ahead of its March quarter results. The trend among Nifty sectoral indices was positive, led by the Nifty PSU Bank index, up 1.7 percent. In the broader market, the S&P BSE MidCap and SmallCap indexes gained over 0.8 percent. Two hundred forty-seven companies, including ITC, Coal India, and Glenmark Pharma are scheduled to announce their March quarter earnings. According to analysts, ITC is expected to post up to 14 percent decline in its cigarette volumes due to hike in excise duty and Covid-19 induced lockdown.

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