Equity indices gain on supportive global cues, IndusInd Bank top gainer

Video Credit: ANI
Published on August 25, 2020 - Duration: 01:22s

Equity indices gain on supportive global cues, IndusInd Bank top gainer

Equity benchmark indices traded higher for the fourth consecutive opening session on Tuesday due to supportive global cues and gains in Asian markets.

The gains were driven by positive news flows surrounding the COVID treatment and vaccine besides statements from both China and the United States that top-level trade representatives held constructive talks over the future of phase one trade deal.

At 10:15 am, the BSE S-P Sensex was up by 118 points or 0.3 per cent at 38,917 while the Nifty 50 gained by 29 points or 0.26 per cent at 11,496.Except for Nifty IT and FMCG, all sectoral indices at the National Stock Exchange were in the positive terrain with Nifty PSU bank gaining by 1.9 per cent, financial service by 0.9 per cent and auto by 1 per cent.

Among stocks, IndusInd Bank climbed up by 2.8 per cent to Rs 544.15 per share while ICICI Bank and Axis Bank advanced by 1.5 per cent and 1.2 per cent respectively.

State Bank of India too was up by 2.2 per cent.

Bajaj Finance and Bajaj Finserv ticked up by 1.7 per cent and 1.3 per cent respectively while Eicher Motors continued its upward march by gaining 2.6 per cent to Rs 2,233.80 per share.Tata Motors, Maruti and Mahindra - Mahindra too traded with a positive bias.

However, those which lost were Tech Mahindra, HCL Technologies, Cipla, Sun Pharma, Nestle India and JSW Steel.


You are here

Related videos from verified sources

Sensex crashes by 839 points on geopolitical tensions, bank stocks hit badly 01:15
Video credit: ANI - Published on August 31, 2020 

Equity indices gain 1%, Future Retail up 20% 01:03
Video credit: ANI - Published on August 31, 2020 

Equity indices spurt with rally in banking scrips, IndusInd up 12 pc 01:13
Video credit: ANI - Published on August 28, 2020 

You might like