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September 20, 2020
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Sensex gains 174 points, closes at 40,850.29, Nifty at 12,037.30

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After trading on a downturn on Wednesday morning, the market closed in the evening with a green mark. The Sensex gained 174.84 points to 40,850.29, and the Nifty gained 43.10 points to end at 12,037.30. Today the banking sector shares saw a boom.

The sharp decline in Asian markets because of increasing uncertainty about the trade talks of the US and China also affected the domestic stock market. The stock market started on a weak Wednesday. The Sensex fell by 25 points to 40,650.31 and the Nifty fell 6.60 points to trade at the level of 11,987.60 −6.60.

Experts said US President Donald Trump’s prediction of a trade deal with China troubled investors after the 2020 presidential election.

Yesterday, the stock market closed on the red mark after a fall. Sensex fell 126 points to 40,675.45 and the Nifty dropped 54 points to close at 11,994.20. Banking, auto, metal, and pharma stocks declined yesterday.

These stocks were rising

ICICI Bank, Bank of Baroda, SBI and Federal Bank saw sharp gains. Yes Bank shares rose 6%, ICICI Bank 4% and Bank of Baroda 3%.

 

The stock market on Wednesday managed to close with gains after day-long fluctuations. The Sensex ended the day at 40,850.29, up 174.84 points. The intra-day touched a high of 40,886.87 and a low of 40,475.83. The Nifty closed up 49 points at 12,043.20. 12,054.70 was reached during the business and touched a low of 11,935.30.

20 out of 30 Sensex stocks and 34 out of 50 Nifty stocks closed up. 10 out of 11 sector indices were on the NSE. The PSU Bank index gained the most by 1.92%. Only the Reality Index lost 0.07%.

Nifty’s top-5 gainer

  • Stock               gain
  • Tata Motors   7.02%
  • Yes Bank        5.88%
  • ICICI Bank    3.82%
  • Vedanta          3.01%
  • Hindalco        2.60%

Nifty’s top-5 losers

  • Stock                                 fall
  • Larsen & Toubro            2.26%
  • Reliance Industries       1.55%
  • Coal India                        1.51%
  • IOC                                    1.13%
  • Bajaj Finserv                   1.06%

CSB Bank shares Listed up 41%

The stock was listed at Rs 275 on BSE with such a steep rise. During the business, it was up 56% to Rs 307. Listing was also done at Rs 275 on NSE. The IPO of CSB Bank of Kerala was subscribed to 86.89 times. The price band was Rs 193–195 per share.

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