MARKET UPDATE:Sensex slipped 240 points to 34,850-mark and Nifty slipped below the 10,300 mark

Published On: Monday, June 29, 2020 | By: Team KnowMyStock

Equity markets in India dipped over half a percent today (29th June 2020), in line with the trends in other Asian markets. The Standard and Poor’s warning that the Indian economy is in deep trouble also weighed on investor sentiment. The rater has projected the Indian economy's growth to contract by 5 percent this fiscal. The headline index S&P BSE Sensex slipped 240 points to 34,850-mark and the broader Nifty50 index slipped below the 10,300 marks. Among individual stocks, Axis Bank, IndusInd Bank, and Bajaj Finance all slid over 3 percent each. Notably, S&P had downgraded the ratings of both Axis Bank and Bajaj Finance during the weekend. On the other hand, shares of ITC rose as much as 4 percent after the announcement of its March quarter results. The trend among Nifty sectoral indices was largely negative, led by the Nifty Bank index, down 1.9 percent. On the other hand, the Nifty Pharma index was up 1 percent.

Five hundred and eighty-six companies including MRF, Bharat Forge, and GMR Infra, are scheduled to announce their March quarter earnings today.

Closing Bell: Sensex gains 85 points, Nifty at 18755.90

Closing Bell:Sensex gains 418 points, Nifty at 18716.15

MARKET UPDATE: Sensex rose 135 points to 62761, and the NSE Nifty50 moved 40 points higher to 18,600

Closing Bell: Sensex down 223 points, Nifty at 18,563

MARKET UPDATE: Sensex surged over 100 points to trade around 62,962 levels, whereas Nifty50 climbed over 30 points to trade above 18,650 levels

MARKET UPDATE: Sensex gained over 50 points to trade around 63,228 levels, whereas Nifty50 traded marginally above 18,700 levels

MARKET UPDATE: Sensex surged over 150 points to trade around 62,988 levels, whereas Nifty50 gained over 50 points to trade above 18,650 levels

MARKET UPDATE: Sensex traded flat at 62,777 levels, whereas Nifty50 was flat above 18,600 levels

Closing Bell: Sensex up 240 points, Nifty at 18593.85

MARKET UPDATE: Sensex rallied over 300 points, whereas Nifty50 gained over 50 points to trade above 18,600 levels

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