MARKET UPDATE:Sensex surges to 31,920 levels and the Nifty to 9,340


Published On: Friday, May 8, 2020 | By:

MARKET UPDATE:Sensex surges to 31,920 levels and the Nifty to 9,340

The equity markets in India advanced today (8th May 2020) in line with other Asian markets, with RIL and Hindustan Unilever leading the gains. Reliance Industries rose 2 percent after PE firm, Vista Equity Partners, said it will buy a 2.3 percent stake in Jio Platforms for Rs 11,367 crore. Among headline indices, the S&P BSE Sensex surged 476 points to around 31,920 levels and the Nifty50 index was up 132 points to 9,340. IndusInd Bank and Hindustan Unilever (both up 3%) were the top Sensex gainers. All the Nifty sectoral indices were trading in the green, led by Nifty Private Bank index, up 1.7 percent 13 companies, including SBI Cards and Shree Cements, are scheduled to announce their March quarter results today. Besides, ICICI Bank will also be in focus as the private lender will announce the results tomorrow.

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