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MARKET LIVE: Sensex up 800 pts on RIL boost; broader indices underperform
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SI Reporter |
Last Updated at April 22, 2020 15:08 IST
EVENT HIGHLIGHTS
Indian equity markets inched higher on Wednesday, helped in great part by Reliance Industries which surged over 11 per cent on the BSE after the company announced that Facebook would invest Rs 43,547 crore ($5.7 billion) in the company’s wholly-owned subsidiary Jio Platforms to expand its presence in India. READ MORE
Among headline indices, the S&P BSE Sensex was up 807 points, or 2.6 per cent, at 31,450 levels and the Nifty50 was hovering around the 9,200 mark. ONGC, down over 7 per cent, was the top laggard in the Sensex pack. On the other hand, Asian Paints and Hero MotoCorp both gained 3 per cent each.
The Nifty sectoral indices were mixed, with Nifty Metal index, down 2 per cent, leading the list of losers.
The broader indices underperformed in comparison to the benchmarks. The S&P BSE MidCap was down 0.2 per cent while the SmallCap index was up marginally.
Among headline indices, the S&P BSE Sensex was up 807 points, or 2.6 per cent, at 31,450 levels and the Nifty50 was hovering around the 9,200 mark. ONGC, down over 7 per cent, was the top laggard in the Sensex pack. On the other hand, Asian Paints and Hero MotoCorp both gained 3 per cent each.
The Nifty sectoral indices were mixed, with Nifty Metal index, down 2 per cent, leading the list of losers.
The broader indices underperformed in comparison to the benchmarks. The S&P BSE MidCap was down 0.2 per cent while the SmallCap index was up marginally.
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