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MARKET LIVE: Sensex gains 150 points; JB Chemicals, HDFC Life up 3%
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MARKET LIVE | Markets | JB Chemicals & Pharmaceuticals
SI Reporter |
Last Updated at July 3, 2020 10:36 IST
EVENT HIGHLIGHTS
Benchmark indices climbed half a per cent on Friday, tracking similar trends in other Asian peers.
The S&P BSE Sensex rose 150 points to over 36,000 and the Nifty50 index topped the 10,600 level. Bajaj Auto, Axis Bank, and Powergrid (all up 1%) were the top Sensex gainers. Reliance Industries gained 1 per cent after the company announced that Intel has invested Rs 1,894.5 crore in Reliance Jio for a 0.39 per cent stake. READ MORE
The S&P BSE Sensex rose 150 points to over 36,000 and the Nifty50 index topped the 10,600 level. Bajaj Auto, Axis Bank, and Powergrid (all up 1%) were the top Sensex gainers. Reliance Industries gained 1 per cent after the company announced that Intel has invested Rs 1,894.5 crore in Reliance Jio for a 0.39 per cent stake. READ MORE
Moreover, JB Chemcials rose 3 per cent after it said global investment firm KKR will pick up a controlling stake of 54 per cent in the company. Meanwhile, HDFC Life was also trading 3 per cent higher as the company will replace Vedanta on Nifty with effect from July 31.
The trend among Nifty sectoral indices was positive, led by Nifty Pharma index, up 0.8 per cent.
Results today
A total of 18 companies including Indiabulls Housing Finance are scheduled to announce their results today.
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