Share Market Closing: Sensex-Nifty picks up despite several negative factors, metal stocks surge
The liquidity in the stock market is rising rapidly. (Symbolic picture)
Mumbai:
In country on friday Coronavirus infection Despite the highest number of new cases reported in a day, the domestic stock markets have seen a boom today. Metal stocks, HDFC, HDFC Bank, Tata Consultancy Services, Bharti Airtel, and ITC have seen sharp gains today.
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Today, the Sensex has closed at the level of 49,206 with a gain of 257 points, or 0.52 per cent, in closing. At the same time, the Nifty stopped at the level of 14,823 with a jump of 50, 98 points.
The market is showing positive trend due to the announcement of liquidity of RBI. Corona cases are on the rise, lockdown is underway in many states, many economists have cut India’s growth estimate, despite this, the market remained strong today.
If we look at the opening, then in the initial round of business, it climbed by more than 400 points. The Sensex rose higher due to positive signals from global markets and a rise in stocks with a large weight in the index. The Bombay Stock Exchange (BSE) rose by 416.43 points, or 0.85 per cent, to 49,366.19 points in the early period of 30-share Sensex trading. At the same time, the broad-based Nifty index of the National Stock Exchange (NSE) rose 121.10 points, or 0.82 percent, to 14,845.90 points.
IndusInd Bank climbed more than two percent among the Sensex shares. Along with this, shares of Mahindra & Mahindra, NTPC, HDFC Bank, State Bank, TCS, Asian Paints and Reliance Industries gained. In contrast, shares of Bajaj Auto, Power Grid, Bharti Airtel and Nestle declined.
(With language input)