MARKET UPDATE:Volatile market-Sensex 77 points down at 37,800 levels and Nifty slipped below 11,200-mark


Published On: Monday, August 17, 2020 | By:

MARKET UPDATE:Volatile market-Sensex 77 points down at 37,800 levels and Nifty slipped below 11,200-mark

The equity markets in India erased their opening gains and were trading flat with negative bias today(17th August 2020), following the mixed trend in Asian indices. The S&P BSE Sensex was trading 77 points lower at 37,800 levels after rising as high as 38,119 in the opening deals. The broader Nifty50 index also slipped below the 11,200-mark. NTPC, Larsen & Tourbo, Titan, and Tech Mahindra (all up 1%) were the top Sensex gainers. On the other hand, Reliance Industries and Axis Bank dipped over 2 percent each. Meanwhile, Glenmark Pharma surged as much as 7 percent after posting an over two-fold increase in consolidated net profit in June 2020 quarter. The trend among Nifty sectoral indices was mixed, with the Nifty PSU Bank index, down 1 percent, leading the list of gainers. Thirty-seven companies, including Can Fin Homes, Petronet LNG, and Suven Pharmaceuticals, are set to report their quarterly earnings today.

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