NIFTY| NSE | BSE | SENSEX | STOCK |MARKET LIVE |SHARE MARKET LIVE |INDIAN STOCK LIVE |NIFTY LIVE | UPDATES JULY 16 2020 | Chronicleplanet.com

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NIFTY| NSE | BSE | SENSEX | STOCK |MARKET LIVE |SHARE MARKET LIVE |INDIAN STOCK LIVE |NIFTY LIVE | UPDATES JULY 16 2020

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NIFTY| NSE | BSE | SENSEX | STOCK |MARKET LIVE |SHARE MARKET LIVE |INDIAN STOCK LIVE |NIFTY LIVE | UPDATES JULY 16 2020

Domestic stock markets moved higher on amid choppy trade on Thursday led by IT stocks, a day after Infosys reported better-than-expected earnings for the quarter ended June 30. The S&P BSE Sensex index rose as much as 1.01 per cent – or 363.22 points – to touch 36,415.03 during the session, having started the day up 349.39 points at 36,401.20. The Nifty climbed as much as 0.85 per cent to 10,708.60 after opening stronger at 10,706.20 compared to its previous close of 10,618.20. While gains in IT and automobile shares

On the other hand, Bharti Infratel, Indian Oil, Zee Entertainment, ITC and Vedanta – down between 2.38 per cent and 5.47 per cent – were the top Nifty losers.

Infosys, TCS and HCL Tech were the top boosts to the Sensex.

Infosys shares were stuck in the 10 per cent upper circuit at Rs 914.55 apiece on the BSE, after the IT major reported a net profit of Rs 4,233 crore for the April-June period. Analysts had on average expected a profit of Rs 3,987 crore, news agency Reuters reported citing Refinitiv data.

The E-Mini S&P 500 futures moved 0.42 per cent lower, indicating a negative start for Wall Street on Thursday.

Overnight in the US, equities rose with the S&P 500 benchmark hovering near its highest level in more than four months following promising early data for a potential COVID-19 vaccine and a strong quarterly showing by Goldman Sachs. Moderna Inc rose 5.8 per cent after a small-scale study showed its experimental COVID-19 vaccine produced high levels of virus-killing antibodies.

The S&P 500 index closed 0.91 per cent higher, whereas the Dow Jones Industrial Average and the Nasdaq Composite indices rose 0.85 per cent and 0.59 per cent respectively.