MARKET UPDATE:Sensex up 351 points to 34,330 levels and Nifty hovering above 10,100 mark


Published On: Friday, June 5, 2020 | By:

MARKET UPDATE:Sensex up 351 points to 34,330 levels and Nifty hovering above 10,100 mark

Equity markets in India advanced today(5th June 2020), lifted by gains in index-heavyweights Reliance Industries, HDFC Bank, and State Bank of India. Among headline indices, the S&P BSE Sensex was up 351 points to 34,330 levels and the Nifty50 index was hovering above the 10,100 marks. Tata Steel (up 3 percent) was the top Sensex gainer, followed by Sun Pharma and State Bank of India (both up 2%). Besides, Reliance Industries shot up 2 percent after the conglomerate said that Abu-Dhabi based global investment company, Mubadala, would pick up 1.85 percent in Jio Platforms for Rs 9,093.6 crore.

Bharti Airtel also gained over 2 percent amid a report that Amazon.com is in early-stage talks to buy a stake worth at least $2 billion in the mobile operator.

The trend among Nifty sectoral indices was green, led by the Nifty Metal index, up 2 percent.

Thirty-two companies, including the State Bank fo India and Larsen & Toubro, are scheduled to announce their March quarter results today.

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