MARKET UPDATE:Sensex slipped 150 points to 40,540 levels and the Nifty slipped below the 11,900-mark


Published On: Monday, October 26, 2020 | By:

MARKET UPDATE:Sensex slipped 150 points to 40,540 levels and the Nifty slipped below the 11,900-mark

The Indian benchmark indices dipped slightly in today's(26th October 2020) early deals, tracking mixed cues in other Asian markets. The S&P BSE Sensex slipped 150 points, or 0.36 percent, to 40,540 levels and the Nifty50 index slipped below the 11,900-mark. Tech Mahindra (down 2%) and Reliance Industries (down 1%) were the top Sensex drags. On the other hand, IndusInd Bank gained 4 percent on a report that Kotak Mahindra Bank was exploring an all-stock takeover of the bank. Meanwhile, Nestle India rose as high as 2 percent after the announcement of its September quarter results. The trend among the Nifty sectoral indices was largely negative, with the Nifty Metal index, down 1 percent leading the list. In the broader market, the S&P BSE Sensex slipped 0.14 percent while the S&P BSE SmallCap index gained 0.3 percent.

Thirty-six companies including Angel Broking, M&M Financial Services, and SBI Life are slated to declare their Q2 report cards today.

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