Bounce in Sensex and Nifty, bumper jump in these stocks

May 20 2020 05:53 PM
Bounce in Sensex and Nifty, bumper jump in these stocks

On Wednesday, the 30-share BSE Sensitive Index Sensex closed with a gain of 622 points. Despite the weak global cues, HDFC and HDFC Bank and Reliance Industries saw a significant jump on the stock markets due to a surge in stocks. In the third trading session of the week, Sensex closed at 30,818.61 points with an increase of 622.44 points, or 2.06 percent. NSE Nifty closed at 9,066.55 points with a gain of 187.45 points i.e. 2.11 percent. HDFC shares saw the maximum gain of five percent on the Sensex. Apart from this, shares of Mahindra & Mahindra, L&T, Tata Steel, Bajaj Finance, HDFC Bank and Sun Pharma have seen significant growth.

On Wednesday, the Sensex closed with a green mark due to the better performance of some companies. Experts say that in view of the rising case of coronavirus in the country, the market is likely to remain volatile in the coming times.

On the other hand, the number of cases of Covid-19 in India has increased to the figure of 1.06 lakh. According to Health Ministry data, 3,303 people have lost their lives due to this infectious disease in the country. Talking about Asian markets, the stock markets in Hong Kong, Tokyo and Seoul closed with a green mark. In Shanghai, the stock market closed down. In Europe, there is a decline in early trade in the stock markets.

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