Categories: Business

Stock market up in early trade on wednesday


stock market today

new Delhi. The Indian stock market is seeing an early lead today. The Sensex opened 328 points higher at 30524 in Wednesday's trade while the Nifty opened with a gain of 10 points at 8889. As the business grew, both the major indices continued to rise in the early trade, during which the Nifty remained above the 8950 level.

In the initial business, the IT sector saw business with growth in all other important sectors. The FMCG sector saw the maximum increase. The index gained over 1,5 per cent in the first half hour. At the same time, the index of pharma, financial services and private banks rose more than 1 percent during this period.

Today Bajaj Auto, Dr. Reddy's Lab, UltraTech Cement, JSW Energy, Jubilant Foodworks, Ajanta Pharma, Kalpataru Power,, and JK Lakshmi Seamet will present their fourth quarter results.

At the same time, Reliance Industries' rights issue of Rs 53125 crore has opened from today. The issue will close on June 3. This is Reliance Industries' first rights issue in 3 years. The company has a stock ratio of 1: 15 for the issue and an issue price of Rs 1257. That is, for every 15 shares, the company will offer 1 share, which will cost Rs. 1257. RIL's stock was trading above the 1410 level in early trade.

This post was published on May 20, 2020 10:54 am

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