Monday, July 13, 2020
The equity market in India started the week today (13th July 2020) on a strong note and was trading one percent higher, on the back of firm global cues.
The S&P BSE Sensex jumped 415 points and reclaimed the 37,000 levels and the Nifty50 index conquered the crucial 10,800-mark. Reliance Industries rose over 2 percent and hit a lifetime high on the BSE after it announced the sale of 0.15 percent stake in Jio Platforms to Qualcomm Ventures for Rs 730 crore. Besides, Tata Steel and Tech Mahindra also gained 2 percent each.
Meanwhile, Avenue Supermarts tumbled 5 percent after the announcement of its June quarter results.
All the Nifty sectoral indices were trading in the green, led by the Nifty Metal index, up 1.8 percent.
Eighteen companies including 5Paisa, India Home Loan, and MBL Infrastructures, are scheduled to announce their quarterly earnings today.
