Sensex surges to 31,046 levels, Nifty at 9,138-mark,broader indices outperform
Published On: Thursday, May 21, 2020 | By: Team KnowMyStock
Equities in India opened in the green today(21st May 2020) amid broad-based buying. The benchmark S&P BSE Sensex gained 227 points, or 0.71 percent, to trade at 31,046 levels in the morning deals. Bajaj Auto, up 5 percent, was the top gainer on the index after the firm's Q4FY20 results beat Street expectations. Aviation stocks, IndiGo and SpiceJet, surged 8 percent and 5 percent, respectively in the opening deals as the government announced that domestic airline operations would resume on May 25.
Nifty50 was at 9,138-mark, up 72 points or 0.80 per cent.
Sectorally, Nifty PSU Bank index was ruling 3.3 per cent higher, followed by Nifty Auto and Realty indices, up 2 per cent and 1 per cent, respectively. All the key sectoral indices on the NSE, except Nifty IT index, were trading in the green.
In the broader market, S&P BSE MidCap index was at 11,443.82 level, up 165.60 points, or 1.47%. S&P BSE SmallCap index, on the other hand, was at 10,613.49-mark, up 141.12 or 1.35%
13 companies including Bajaj Finserv, Colgate Palmolive, and Hindustan Zinc are scheduled to announce their March quarter results later in the day.
Tags: Market update
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