MARKET UPDATE:Sensex up by 350 points to 40,330 levels and Nifty topped the 11,850-mark


Published On: Monday, October 19, 2020 | By:

MARKET UPDATE:Sensex up by 350 points to 40,330 levels and Nifty topped the 11,850-mark

The Indian equity markets started today (19th October 2020) on a strong footing, with the benchmark indices rising nearly one percent, amid positive cues from Asian indices. Among headline indices, the S&P BSE Sensex gained 350 points, or 0.88 percent, to 40,330 levels and the Nifty50 index topped the 11,850-mark. HDFC Bank rose as much as 3 percent after reporting a healthy set of September quarter results. Besides, ONGC (up 4%), ICICI Bank, and HDFC (both up 2%) were the other top Sensex gainers. The majority of the Nifty sectoral indices were trading in the green, led by the Nifty Financial Service index, up 1.3 percent In the broader market, the S&P BSE MidCap and SmallCap indexes were trading 0.4 and 0.5 percent higher, each. Twenty-one companies including ACC, Britannia Industries, and HDFC Life are set to report their quarterly earnings today.

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