MARKET UPDATE:Sensex rose 400 points to 38,500 levels, and the Nifty topped the 11,350-mark
Published On: Thursday, October 1, 2020 | By: Team KnowMyStock
The markets in India shot up 1 percent today(1st October 2020), on the back of favourable global cues. Among headline indices, the S&P BSE Sensex rose 400 points to 38,500 levels, and the Nifty50 index topped the 11,350-mark. Bajaj Auto and IndusInd Bank (up 3%) were the top Sensex gainers, followed by Bajaj Finance, Axis Bank, and Bajaj Finserv (all up 2%). Reliance Industries gained 1 percent after the company announced that US private equity firm Silver Lake Partners will invest an additional Rs 1,875 crore in Reliance Retail. PVR and Inox Leisure zoomed 15 and 17 percent, respectively, after the central government allowed the reopening of cinema halls, theatres, and multiplexes with effect from October 15 with a maximum of 50 percent capacity. Besides, ONGC and Oil India dipped 3 percent each after the government cut natural gas prices cut by 25 percent.
The trend among Nifty sectoral indices was positive, led by Nifty Bank index, up 1.7 per cent.
In the broader market, the S&P BSE MidCap and SmallCap indices were trading 0.9 per cent and 1.1 per cent, respectively.
Chemcon Speciality Chemicals will debut at the bourses today after finalising issue price at the higher end at Rs 340 per share. Computer Age Management Services will also list its shares today, with the issue price fixed at Rs 1,230 per share.
Tags: Indian equity market
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