SME Times is powered by   
Search News
Just in:   • Committed to nurture next-gen innovation in 6G technology: Jyotiraditya Scindia  • Europe facing earlier, stronger heatwaves: Climate scientist  • India and Namibia sign two MOUs in fields of health and entrepreneurship  • PM Modi arrives in Delhi after concluding 'productive and successful' 5-nation tour  • ASEAN to keep on consensus, inclusivity: Malaysian official 
Last updated: 09 Apr, 2020  

BSE.9.thmb.jpg Market Rebound: Sensex surges 1,265 points to reclaim 31,000

Bse.9..jpg
   Top Stories
» Committed to nurture next-gen innovation in 6G technology: Jyotiraditya Scindia
» Piyush Goyal holds talks with Malaysian minister on review of ASEAN trade pact
» India and OPEC have a unique and symbiotic relationship: Hardeep Puri
» SIP inflows hit all-time high in June, total AUM for equity MF at Rs 74.41 lakh crore
» India set to explore over 2.5 lakh sq kms area in one of largest offshore energy efforts
SME Times News Bureau | 09 Apr, 2020
The Indian stock market witnessed a rally on Thursday as the BSE Sensex jumped over 1,200 points to reclaim the psychological mark of 31,000.

The Nifty50 on the National Stock Exchange (NSE) also settled well above the 9,000 mark.

The rise in the domestic market was in line with the global indices and on hopes that the government would come up with a stimulus package in the coming days.

Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial Services said: "Indian equity markets rebounded after taking a pause yesterday, on hopes that the coronavirus pandemic was nearing its peak globally and second stimulus package from government is likely to be announced in coming days.

All the sectors ended in green with auto being the largest gainer. Metals, banking and pharma stocks also witnessed healthy buying during the day.

On the technical front, Khemka said that hurdle for Nifty is now placed around 9,400, followed by 9,800. On the flipside, immediate support is inching higher to 8,900 and then 8,650-8,550.

"A hold above 9,100-9,300 zones with follow-up buying interest could give a confirmation for a short term bottom process in the market with shift in higher trading bands," he said.

The Sensex closed at 31,159.62, higher by 1,265.66 points or 4.23 per cent from the previous close of 29,893.96.

It had opened at 30,571.19 and touched an intra-day high of 31,225.20 and a low of 30,420.22 points.

The Nifty50 settled at 9,111.90, higher by 363.15 points or 4.15 per cent from the previous close.

Among the Sensex stocks, Mahindra & Mahindra gained the most, by 16.74 per cent, followed by Maruti Suzuki India (up 13.16 per cent) and Titan Company (11.12 per cent). On the other hand, Hindustan Unilever, Tech Mahindra, IndusInd Bank and Nestle India were the only losers, as they lost 3.49 per cent, 2.57 per cent, 0.83 per cent and 0.03 per cent.
 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
84.35
82.60
UK Pound
106.35
102.90
Euro
92.50
89.35
Japanese Yen 55.05 53.40
As on 12 Oct, 2024
  Daily Poll
Do you think Indian businesses will be negatively affected by Trump's America First Policy?
 Yes
 No
 Can't Say
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter