MARKET UPDATE:Sensex rose 70 points to 39,150 levels and the Nifty testing 11,600-mark


Published On: Thursday, September 3, 2020 | By:

MARKET UPDATE:Sensex rose 70 points to 39,150 levels and the Nifty testing 11,600-mark

The equity markets in India were trading flat with a positive bias today(3rd September 2020), amid favourable cues from other Asian markets. The S&P BSE Sensex rose 70 points, or 0.18 percent, to 39,150 levels and the Nifty50 index was testing the 11,600-mark. Mahindra & Mahindra, Larsen & Toubro, and Bajaj Auto (all up 1%) were the top Sensex gainers. On the other hand, Bajaj Finance and ICICI Bank slipped 1 percent each. Among other individual stocks, aviation stocks were flying high after the central government permitted Indian airlines to increase the number of passenger flights to 60 percent of their pre-COVID capacity. The trend among Nifty sectoral indices was mixed, with the Nifty Auto index, up 1 percent, leading the list of gainers. In the broader market, the S&P BSE MidCap and SmallCap indexes were trading half a percent higher, each.

Fourty-seven companies including Page Industries and Jubilant Industries are scheduled to announce their June quarter earnings today.


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