The markets in India today(27th August 2020) rose half a percent ahead of the expiry of the August series derivative contracts.
The S&P BSE Sensex was up 200 points at 39,260 levels, and the Nifty50 index reclaimed the crucial psychological level of 11,600. IndusInd Bank (up 2%) was the top Sensex gainer, followed by HDFC (up 1%).
Hindustan Aeronautics tanked 11 percent in early deals after the company said that the government plans to sell as much as 15 percent stake in the company through a public offering of shares. The trend among Nifty sectoral indices was positive, led by the Nifty Bank index, up 0.9 percent.
The broader markets tracked the benchmarks' gain, with the S&P BSE MidCap and SmallCap indices trading 0.6 percent higher, each.
Fifty-one companies including NMDC and Avanti Feeds are scheduled to announce their June quarter results today.