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Sensex, Nifty hit day's high; breadth positive

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Capital Market
Last Updated : Aug 26 2020 | 5:04 PM IST
Domestic equity barometers firmed up and hit fresh intraday high in mid-afternoon trade. The Nifty crossed the crucial 11,500 mark.

At 14:25 IST, the barometer index, the S&P BSE Sensex, was up 113.60 points or 0.29% at 38,957.48. The Nifty 50 index added 45.85 points or 0.40% at 11,518.10.

In the broader market, the S&P BSE Mid-Cap index rose 0.42% while the S&P BSE Small-Cap index gained 0.80%. Both these indices outperformed the benchmark Sensex.

The market breadth was positive. On the BSE, 1625 shares rose and 1127 shares fell. A total of 164 shares were unchanged.

Numbers to Track:

The yield on 10-year benchmark federal paper rose to 6.209% compared with previous closing of 6.157% in the previous trading session.

In the foreign exchange market, the partially convertible rupee edged higher to 74.33 compared with its previous closing 74.30.

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In the commodities market, Brent crude for October 2020 settlement rose 10 cents to $45.96 a barrel. The contract rose 1.61% or 73 cents to end at $ 45.86 in the previous trading session.

MCX Gold futures for 5 October 2020 settlement rose 0.16% to Rs 51,003.

Buzzing Segment:

The Nifty Media index rose 2.35%, extending gains for third day. The index has added 3.36% in three sessions.

Dish TV India (up 9.55%), Zee Entertainment (up 5.60%), Jagran Prakashan (up 2.07%), T.V.Today Network (up 1.51%) and TV18 Broadcast (up 1.33%) were the top index gainers.

Stocks in Spotlight:

TCI Express jumped 4.69% to Rs 846. On 25 August 2020, HDFC Mutual Fund (Tax Saver Fund) bought 2.17 lakh shares (0.56% stake) at Rs 795 per share via bulk deal on National Stock Exchange (NSE).

JMC Projects surged 12.04% to Rs 60. The civil engineering and EPC company said it secured new orders of Rs 554 crore, out of which Rs 315 crore order is for a building project in South India and Rs 239 crore order is for a factory project in Maharashtra.

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First Published: Aug 26 2020 | 2:27 PM IST

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