MARKET UPDATE:Sensex up by 120 points,hovered around 39,870 levels,and Nifty holding 11,650-mark


Published On: Friday, October 30, 2020 | By:

MARKET UPDATE:Sensex up by 120 points,hovered around 39,870 levels,and  Nifty holding 11,650-mark

The Indian benchmark indices rose half a percent after a volatile start today(30th October 2020). Among headline indices, the S&P BSE Sensex hovered around 39,870 levels, up 120 points, and the Nifty50 index was holding the 11,650-mark. Nestle India, IndusInd Bank, and HCL Tech (all up 1%) were the top Sensex gainers. All the Nifty sectoral indices were trading in the green, led by the Nifty PSU Bank index, up 1 percent. Meanwhile, in the broader market, the S&P BSE MidCap and SmallCap indexes were ruling 0.9 percent and 0.8 percent higher, respectively. Seventy -seven companies including Reliance Industries, IndusInd Bank, DLF are slated to report their quarterly earnings today. In a Bloomberg poll, 14 analysts estimated a net profit of Rs 8,194 crore for Reliance Industries; 10 analysts estimated revenue of Rs 1.11 trillion for the company.

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