Equity gauges edge higher, HDFC Bank gains 4.4 pc
Aug 04, 2020
Mumbai (Maharashtra) [India], Aug 4 : Equity benchmark indices scaled up during early hours on Tuesday with broad-based buying across financial, auto and other sectors.
At 10:15 am, the BSE S&P Sensex was up by 319 points or 0.86 per cent at 37,259 while the Nifty 50 gained by 88 points or 0.81 per cent at 10,980.
Except for Nifty IT, pharma and PSU bank, all sectoral indices at the National Stock Exchange were in the green with Nifty auto moving up by 1.4 per cent, financial service by 1.2 per cent and realty by 0.9 per cent.
Among stocks, HDFC Bank was the top winner after climbing 4.4 per cent to Rs 1,046.50 per share. Index heavyweight Reliance Industries offset yesterday's losses and gained 1.7 per cent to Rs 2,043.25 per unit.
The other prominent gainers were Hero MotoCorp, Adani Ports, Britannia, ONGC and HDFC Life.
However, IndusInd Bank was down by 2.9 per cent. IT stocks too slipped with HCL Technologies down by 1.5 per cent, Tata Consultancy Services and Infosys by 0.8 per cent each.
Meanwhile, Asian markets rose after strong US manufacturing data and gains in tech stocks helped investors look past worries about the coronavirus and global economy.
MSCI's broadest index of Asia Pacific shares outside Japan rose by 0.9 per cent while shares in China nudged up 0.1 per cent. Tokyo shares also jumped by more than 1 per cent.
