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Axis Bank sprung 6% on banking and IT sector boom

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new Delhi. The corona virus figures and the decision to lockdown in the UK and the market opened with a fall, it seemed that the market would close with a fall. The last few hours of the market saw tremendous action in IT and private banks and closed at over 48400 points. The Nifty also closed at 14199 points. Axis Bank saw a boom of over 6 per cent. At the same time, Wipro shares closed at a new level, reaching Rs 407. The oil, metal and and auto sectors closed on the red mark.

Also read: Corona virus fear on investors, Sensex and Nifty fall after 7 days boom

Stock market closed sharply
Today, the stock market is not big, but it is closed with a high speed. The Bombay Stock Exchange’s flagship index Sensex gained 260.98 points to close at 48437.78 points. On the other hand, Nifty 50, the major index of the National Stock Exchange, has closed at 14199.50 points with a gain of 66.60 points. BSE Small Cap 130.91, BSE Mid-Cap 254.61 and Foreign Investors Index NX Midcap closed up 145.50 points.

Also read: Gold becomes cheaper, silver expensive amid new corona virus lockdown

Boom in sectoral index
Today, the sectoral index witnessed a good boom. Bank Exchange 529.63 and Bank Nifty have closed with a gain of 509.80 points. BSE IT saw a good rally of 308.88 points. The tech sector saw an increase of 121.86 points. Consumer durables 235.43, Capital Goods 66.80, BSE FMCG 31.77 and BSE Healthcare were up by 52.93 points. Among the declining sectors were BSE Metal 165.89, Oil and Gas 48.23, BSE PSU 14.46 and BSE Auto 12.80 points.

Also read: Petrol Diesel Price Today: How much has it become worth knowing in your city

Edge shares
First of all, shares of Axis Bank closed 6.36 per cent, Housing Development Finance Corporation 2.84 per cent, IndusInd Bank 2.65 per cent, HDFC Life Insurance 2.57 and Wipro 2.50 per cent. On the other hand, ONGC closed down by 2.06 per cent, JSW Steel 1.95 per cent, Bajaj Finance 1.86 per cent, Tata Steel 1.80 per cent and Hindalco Industries by 1.57 per cent.

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