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MARKET LIVE: Indices hold gains, Sensex up 250 points; India VIX dips 4%
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Topics
MARKET LIVE | Markets | SBI Life Insurance
SI Reporter |
Last Updated at August 21, 2020 12:15 IST
EVENT HIGHLIGHTS
BSE-1 (Photo credit: Kamlesh Pednekar)
The Indian markets rose over half a per cent on Friday, mirroring the firm trend in their Asian peers, while volatility index, India VIX, dipped 4 per cent to below 20 levels.
The S&P BSE Sensex jumped 277 points, or 0.72 per cent, to 38,500 levels, and the Nifty50 index hovered around the 11,400-mark. PowerGrid (up 3%), NTPC and SBI (both up 2%) were the top Sensex gainers.
Among other individual stocks, GMM Pfaudler surged over 8 per cent in early deals after it said it has acquired a 54 per cent stake in its parent firm Pfaudler Group for a consideration of around $27.4 million.
The trend among Nifty sectoral indices was positive, led by Nifty PSU Bank index, up 1.6 per cent.
Meanwhile, the broader markets kept up their outperformance, with the S&P BSE MidCap and SmallCap indexes both trading over 1 per cent higher.
Results today
The S&P BSE Sensex jumped 277 points, or 0.72 per cent, to 38,500 levels, and the Nifty50 index hovered around the 11,400-mark. PowerGrid (up 3%), NTPC and SBI (both up 2%) were the top Sensex gainers.
Among other individual stocks, GMM Pfaudler surged over 8 per cent in early deals after it said it has acquired a 54 per cent stake in its parent firm Pfaudler Group for a consideration of around $27.4 million.
The trend among Nifty sectoral indices was positive, led by Nifty PSU Bank index, up 1.6 per cent.
Meanwhile, the broader markets kept up their outperformance, with the S&P BSE MidCap and SmallCap indexes both trading over 1 per cent higher.
Results today
On the corporate results front, a total of 51 companies including PNB, Indiabulls Housing Finance, and Union Bank of India, are scheduled to announce their June quarter results today.
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