|
|
|
Relief rally in markets, Sensex up 1,861 points
|
|
|
|
Top Stories |
|
|
|
|
SME Times News Bureau | 25 Mar, 2020
Amid a rebound in the global
markets, Indian equity indices surged on Wednesday with the BSE Sensex
gaining over 1,800 points to close above the 28,000-mark.
The Nifty50 on the National Stock Exchange also soared 516 points to settle above the psychological 8,000 level.
Although
trade in the domestic stock market was largely volatile in the first
two hours, the indices started to rise steadily around noon.
The
surge in Indian equities was in line with the global indices. Asian
markets rose after the White House and Senate leaders in the US struck a
major deal on Wednesday over a $2-trillion package relief to support
the world's largest economy amidst the coronavirus pandemic.
Further,
the assurance of an economic package by the Central government to
mitigate the impact of the coronavirus crisis also supported the
domestic markets, analysts said.
On Tuesday, announcing
relaxations in several regulatory compliance norms for tax payers,
Finance Minister Nirmala Sitharaman also said: "The economic package is
going to be announced soon."
The Sensex closed at 28,535.78, higher by 1,861.75 or 6.98 per cent from the previous close of 26,674.03.
It had opened at 26,499.81 and touched an intra-day high of 28,790.19 and a low of 26,359.91 points.
The Nifty50 settled at 8,317.85, higher by 516.80 points or 6.62 per cent from its previous close.
Healthy
buying was witnessed across sectors on Wednesday, led by finance,
banking and energy stocks. The S&P BSE Finance and Banking indices
rose over 8 per cent while the S&P BSE Energy was up 10 per cent.
Among
the Sensex stocks, Reliance Industries rose the most, by 14.65 per
cent, followed by Kotak Mahindra Bank (up 12.65 per cent), Maruti Suzuki
India (12.23 per cent), HDFC Bank (11.77 per cent) and HDFC (9.44 per
cent).
On the contrary, IndusInd Bank, ONGC, ITC and Bajaj Auto
were the only losers on the 30-stock Sensex, as they were down 3.57 per
cent, 1.60 per cent, 1.41 per cent and 0.55 per cent respectively.
|
|
|
|
|
|
|
|
|
|
|
|
|
Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
|
66.20
|
64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
|
|
Daily Poll |
|
|
PM Modi's recent US visit to redefine India-US bilateral relations |
|
|
|
|
|
Commented Stories |
|
|
|
|
|
|
|
|