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Sensex Jumps 225 Points Led By Axis Bank, IndusInd Bank

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Sensex Jumps 225 Points Led By Axis Bank, IndusInd Bank
PTI - 11 August 2020

Mumbai, August 11: Equity benchmark Sensex Tuesday jumped 225 points, following gains in HDFC twins, ITC and Axis Bank amid sustained foreign fund inflows and positive global cues.

After touching a high of 38,556.27, the BSE Sensex pared some gains to end 224.93 points, or 0.59 per cent, higher at 38,407.01.

The NSE Nifty jumped 52.35 points or 0.46 per cent to finish at 11,322.50 level.

Axis Bank rallied around four per cent as the top gainer in the Sensex pack followed by IndusInd Bank, ITC, HDFC Bank, Tata Steel, HDFC, ICICI Bank and Reliance Industries.

On the other hand, Titan, Bharti Airtel, HCL Tech and ONGC were among the laggards.

According to traders, investor sentiment was positive, tracking positive cues from other global indices and consistent foreign fund inflows.

Meanwhile, market participants cautiously weighed the news of Russia becoming the first country to officially register a coronavirus vaccine and declare it ready for use, despite international skepticism.

The number of cases from around the world linked to COVID-19 has crossed two crore, while the infection count in India has reached 22.68 lakh.

Bourses in Hong Kong, Tokyo and Seoul ended with gains, while Shanghai closed in the red. Stock exchanges in Europe were also trading significantly higher in early deals.

Global oil benchmark Brent crude was trading 0.73 per cent higher at US dollar 45.32 per barrel.

In the forex market, the rupee appreciated 12 paise to close at 74.78 against the US dollar.

Axis Bank Raises Fund Through Allotment Of Equity Shares To QIBs
Sensex, Nifty End Marginally Low Despite Positive Global Cues

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