Stocks

Sensex ends 287 points higher led by banking, healthcare

BL Internet Desk Mumbai | Updated on September 15, 2020 Published on September 15, 2020

Nifty closes above 11,500 level

Domestic key equity indices Sensex and the Nifty rallied on Tuesday tracking gains in other Asian peers amid positive global cues and sustained foreign fund inflow.

Earlier, equities opened on a positive note tracking firm cues from global markets and sustained foreign fund inflow, traders said.

The 30-share BSE index has moved higher by 287.72 points, or 0.74 per cent,  and ended at 39,044.35.

On the NSE, the Nifty rose 81.75 points or 0.71 per cent to 11,521.80.

IndusInd Bank was the top gainer in the Sensex pack, rising around 5 per cent, followed by Axis Bank, ICICI Bank, Bharti Airtel, Sun Pharma, Bajaj Finance, Kotak Bank, HDFC, HDFC Bank and L&T.

On the other hand, Titan, Maruti, ITC, Asian Paint, HCL Tech, Bajaj Auto and Nestle were among the laggards.

Buzzing stocks

Adani Green hits upper circuit

Adani Green Energy rose 5 per cent today on the back of positive quarterly earnings report for the June quarter.

For the quarter ended June 30, 2020, the company has reported net profit of Rs 137.52 crore as compared to Rs 64.68 crore for the quarter ended March 31, 2020.

The revenue has jumped to Rs 159.65 crore the June quarter against Rs 56.01 crore shown in the March quarter of this year, the release to the BSE showed.

The stock gained Rs 31.90, or 5 per cent to Rs 67.0.65 on the BSE today.

ICICI Bank rallies 2 per cent

Shares of ICICI Bank were in focus today after the Centre has allowed ICICI Bank to hold above 30 per cent stake in ICICI Lombard General Insurance Co Ltd and ICICI Prudential Life Insurance Co Ltd for three years from the date of notification.

Reacting positively to the report, ICICI Bank stock rose Rs 8.35, or 2.30 per cent, to Rs 372 on the BSE.

As on June 30, the bank held 51.89 per cent stake in ICICI Lombard General Insurance Co, and 51.37 per cent in ICICI Prudential Life Insurance Co.

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Published on September 15, 2020
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