MARKET UPDATE:Sensex traded around 48,230 levels, up 230 points, and Nifty hovered around 14,450


Published On: Tuesday, April 20, 2021 | By:

MARKET UPDATE:Sensex traded around 48,230 levels, up 230 points, and Nifty hovered around 14,450

The benchmark indices in Indian markets climbed off the early highs but were still trading half a percent up in today's(20th April 2021) morning deals as the Indian government's decision to vaccinate everyone above 18 years of age against Covid-19 from May 1 buoyed investor sentiment. The S&P BSE Sensex traded around 48,230 levels, up 230 points, and the Nifty50 index hovered around 14,450. Bajaj Finance, Dr. Reddy's, Mahindra & Mahindra, and Bajaj Finserv gained 3 percent, each, and were the top Sensex gainers. All the Nifty sectoral indices traded in the green, led by the Nifty PSU Bank index, up 1.7 percent. In the broader markets, the S&P BSE MidCap and SmallCap indices traded 1.7 percent higher, each. A total of nine companies, including Nestle India, Tata Steel Long Products, and Welspun Investments and Commercials are scheduled to release their quarterly earnings today.

Increased in home-consumption, better demand from rural and urban India, sustainable growth in Maggi noodles and new products launches are some of the factors that analysts believe will drive growth for the fast-moving consumer goods (FMCG) maker Nestle India in the January - March quarter of 2021.

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