Sensex up 160 points, Nifty near 11,450
Authored By Nikhil Pandey
Published: Aug 18, 2020, 20:11 IST | Updated: Aug 18, 2020, 20:11 IST
Sensex
Stock Market indices were trading higher on Wednesday, tracking gains Asian peers after they climbed to a seven-month peak.
The banking index surged 0.7 percent while the pharma and auto sectors were up around half a percent each.
BSE Sensex rose 162 points, or 0.42 per cent, at 38,690 levels and the Nifty50 index hovered around the 11,450-mark.
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SBI (up 2%) was the top Sensex gainer, followed by ICICI Bank and Larsen & Toubro (both up 1%).
The stock markets have been on an upswing despite the rising Covid-19 cases as the economy has been opening up after government allowed relaxations from Covid-19-induced lockdowns. The Sensex and Nifty are currently trading at new 5-month highs.
(With inputs from agencies)
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