In the Indian equity market today (16th June 2020) Benchmark indices were trading 2 percent higher on the back of an overnight rally in global markets.
The S&P BSE Sensex surged 650 points to 33,920 levels and the Nifty50 index topped the 10,000 level. All the constituents of the Sensex were trading in the green. ICICI Bank and Bajaj Finance (both up 4%) were the top index gainers.
All the Nifty sectoral indices were in the green as well, led by the Nifty Bank index, up 3.3 percent.
Twenty-five companies, including HPCL, NMDC, and Ipca Labs are scheduled to report their March quarter earnings.