Indices off day's high, Nifty below 10,600
Friday,
03-Jul-2020
02:10 PM (IST)
Benchmark indices climbed off the day's top, dragged down by public sector banks, but were still trading in the green on Friday. The S&P BSE Sensex hovered around 35,900 levels, having risen to as high as 36,110 earlier in the day. The Nifty50 index slipped below the 10,600 level. Bharti Airtel and Bajaj Auto (both up 2%) were the top Sensex gainers. Reliance Industries gained 1 per cent after the company announced that Intel has invested Rs 1,894.5 crore in Reliance Jio for a 0.39 per cent stake. Moreover, JB Chemcials rose 3 per cent after it said global investment firm KKR will pick up a controlling stake of 54 per cent in the company. Meanwhile, HDFC Life was also trading 3 per cent higher as the company will replace Vedanta on Nifty with effect from July 31. The trend among Nifty sectoral indices was mixed, with the Nifty PSU Bank index, down 1 per cent, leading the list of losers.
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