Sunday , September 20 2020

Sensex climbs 200 points; SBI, Barti Airtel among the top acquirers


Indian markets opened higher today, following firms in Asian markets. The Sensex was over 200 points at 40,519, while Nifty returned over 11,900. The SBI gained almost 2% while Tata Motors, Da Bank, Maruti and Da Bank were among the other top winners.

Barty Airtel shares rose 1.5%, while Vodafone Idea shares fell 10% of GDP.

Vodafone Idea on Thursday announced the largest quarterly loss in corporate history in India after it passed provisions for extraordinary government fees. Vodafone Idea reported consolidated net loss of 50,900 crore in the second quarter to September.

Another telecommunications operator, Barty Airtel, announced a consolidated net loss on Thursday. 23,045 crooks for the three months to September. Barty said it provides a provision of 28,450 crore.

(Read: Why Investors Take $ 4.8 Billion Blow on Barty Airtel in Step)

Ajit Mishra, vice president of research at Religar Broking, said: "We expect Nifti to consolidate and in the near future we propose to continue the approach to trading in specific stocks. In the absence of a major event, global markets will continue to dictate market trends. We advise you to keep an eye on the banking index for clues. "

Asian markets were mostly higher with the hope that the US and China were close to signing a trade deal. White House economic adviser Larry Kudlow said on Thursday that Washington is moving closer to a trade deal with China.

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