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MARKET LIVE: Sensex up 150 pts, Nifty tests 11,450; PSBs, auto stocks gain
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MARKET LIVE | Markets | Reliance Industries
SI Reporter |
Last Updated at August 19, 2020 10:21 IST
EVENT HIGHLIGHTS
The Indian markets were trading half a per cent higher on Wednesday, lifted by gains in some heavyweight stocks.
The S7p BSE Sensex rose 162 points, or 0.42 per cent, at 38,690 levels and the Nifty50 index hovered around the 11,450-mark. SBI (up 2%) was the top Sensex gainer, followed by ICICI Bank and Larsen & Toubro (both up 1%). Reliance Industries also climbed 1 per cent in early deals after announcing the acquisition of a majority equity stake in online pharmacy delivery startup Netmeds for a cash consideration of approximately Rs 620 crore. READ MORE
The S7p BSE Sensex rose 162 points, or 0.42 per cent, at 38,690 levels and the Nifty50 index hovered around the 11,450-mark. SBI (up 2%) was the top Sensex gainer, followed by ICICI Bank and Larsen & Toubro (both up 1%). Reliance Industries also climbed 1 per cent in early deals after announcing the acquisition of a majority equity stake in online pharmacy delivery startup Netmeds for a cash consideration of approximately Rs 620 crore. READ MORE
All the Nifty sectoral indices were trading in the green, led by Nifty PSU Bank index, up 1.9 per cent.
The broader market outperformed the benchmark indices in early deals, with the S&P BSE MidCap and Small Cap indices trading 0.8 per cent higher.
Results today
A total of 32 companies including CSB Bank, Muthoot Finance, are scheduled to announce their June quarter earnings today.
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