For Quick Alerts
For Daily Alerts

Nifty Trades Higher, Hits 11,000 Points


Benchmark indices opened the day higher in trade, with HDFC Bank rallying following a good set of quarterly numbers.

The Sensex was trading with gains of 230 points, while the Nifty was higher by 101 points at 11,003 points. Asian markets were subdued and were witnessing a slightly negative trend.

Shares in HDFC Bank gained after its quarterly numbers beat market expectations. Net interest income at the bank was up 17.8 per cent while net profit rose 19.5 per cent compared to the previous year. The stock was up 3 per cent in trade.

Nifty Trades Higher, Hits 11,000 Points

Shares in Mahindra and Mahindra Financials gained almost 3 per cent after the Board approved rights at a price of Rs 50 per share. Among the top Nifty losers in trade were Sun Pharma, Tata Motors and BPCL.

Muthoot Finance shares reacted to a decision by the board to postpone a stock-split. "Though, the share price movement over the last few months and financial indicators were found to be ideal for a stock split proposal at the current scenario, Board unanimously decided to defer the proposal to sub-divide the equity shares to the Company to a future date," the company said in a statement. The stock was down 2 per cent in trade.

Read more about: nifty
Story first published: Monday, July 20, 2020, 9:28 [IST]
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more