Nifty above 11,350-mark; Reliance Industries, financial stocks gain

All the sectoral indices have opened with gains with the PSU Bank, realty and media indices gained 1% each, followed by metal, auto and Nifty.

Sep 10, 2020 09:09 IST India Infoline News Service

Stock Market Rebounding
Benchmark indices opened higher led by gains in financials stocks and index heavyweight Reliance Industries. The Sensex was up 282 points at 38,470 while the Nifty rose 73 points at 11,350. Broader markets were also up over 1% in early deals.

All the sectoral indices have opened with gains with the PSU Bank, realty and media indices gained 1% each, followed by metal, auto and Nifty.

Shares of Indiabulls Housing Finance gained after the company said it is aiming to raise up to Rs1,000cr through a QIP launched on Wednesday as well as partial divestment of its stake in UK-based OakNorth Bank in tranches.

Hindustan Aeronautics and J&K Bank are scheduled to announce their June quarter results today.

Meanwhile, oil futures fell in early trade paring overnight gains on worries about fuel demand after data showed the US crude stockpiles rose last week, rather than dropping as expected, and COVID-19 cases continued to rise around the world. 

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