MARKET UPDATE:Sensex up 200 points at 39,260 levels and Nifty reclaimed the 11,600 level


Published On: Thursday, August 27, 2020 | By:

MARKET UPDATE:Sensex up 200 points at 39,260 levels and Nifty reclaimed the 11,600 level

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.

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