Market Highlights: Nifty breaches 11,600 mark on closing, Sensex zooms 258 pts; Auto stocks, HDFC Bank gain
Sensex and Nifty ended with gains for the second day straight.
Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic benchmark indices gained for the second day straight. S&P BSE Sensex opened flat and witnessed a rocky morning, only gain momentum and finish the day’s trade 258 points higher. The Nifty 50 managed to breach the 11,600 mark on closing basis. Mahindra & Mahindra, Bajaj Auto, Sun Pharma and Bajaj Auto were the top Sensex gainers. Banking stocks like Axis Bank, SBI, and IndusInd Bank ended with losses were. BSE Midcap and Small cap indices were up rallying but failed to outperform benchmarks today. The Nifty Smallcap 50 ended flat but with a positive bias.
In the month of August, India’s exports stood at $22.70 billion, down from $23.6 billion in the month of July. The trade deficit for August this year was estimated at $6.77 billion, against $4.8 billion in July 2020 and $13.86 billion in August 2019. This slip in exports comes at a time as India is stepping out of the strict nation-wide lockdown to control the spread of the coronavirus pandemic. A number of other macro indicators have, however, hinted at a recovery in the Indian economy.
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