MARKET UPDATE:Sensex rose 350 points to 40,080 levels and Nifty reclaimed the 11,750-mark


Published On: Friday, October 16, 2020 | By:

MARKET UPDATE:Sensex rose 350 points to 40,080 levels and Nifty reclaimed the 11,750-mark

Markets in India were steady and trading nearly a percent higher today morning(16th October 2020). Among headline indices, the S&P BSE Sensex rose 350 points, or 0.9 percent, to 40,080 levels and the Nifty50 index reclaimed the 11,750-mark. IndusInd Bank and Infosys (up 2% each) were the top Sensex gainers, followed by Tata Steel and HDFC Bank (both up 1%). Meanwhile, HCL Tech slipped over 4 percent after the announcement of its September quarter results. All the Nifty sectoral indices were trading in the green, led by Nifty IT and Nifty Bank indexes, both up 1 percent, each. In the broader market, the S&P BSE MidCap and SmallCap indices were both up half a percent, each. Six companies, including Bajaj Consumer Care, and Federal Bank are scheduled to announce their quarterly earnings today.

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