SENSEX near day’s high, realty and IT stocks shine, while PSU banks, FMCG, and metal stocks lag

Though the markets opened low in alignment with the Asian peers.

Stock-Market NSE BSE

Market pre-open

The Asian stock markets traded lower before the opening of the Indian stock markets. The reasons put forth include uncertainties over American stimulus as well as delays cropping up in the COVID-19 vaccine by this year end.

Also, Amitabh Bachan-promoted Kalyan Jewellers gets approval for Initial Public Offering (IPO) by the SEBI. Rs 1,750 crore is allotted to be raised of which an offer for sale (OFS) of about Rs 750 crore will be made.

ACC released its results with about 20% increase in year-on-year consolidated net profit for this quarter.

Markets open

Indian indices opened marginally lower on October 20 with Nifty around 11850. At 09:16 IST, the Sensex was down 56.66 points or 0.14% at 40374.94, and the Nifty was down 18.80 points or 0.16% at 11854.20. About 340 shares have advanced, 432 shares declined, and 54 shares are unchanged.

Also Read: Nirmala Sitharaman open to another round of stimulus

Markets live

The markets are showing strength with the indices of large, mid, and the small cap stocks in green. Sector-wise realty and IT stocks are leading while PSU banks and metal stocks are lagging, while FMCG stocks are not showing much movement.

In spite of all this, the market index, SENSEX has still not been able to break the high it created three days when a huge sell-off happened.


Trending