Sustainable market amid lockdown, Sensex gains 800 points

Mar 31 2020 03:56 PM
Sustainable market amid lockdown, Sensex gains 800 points

New Delhi: In the stock market amid the lockdown of the Corona epidemic, the BSE's leading sensitive index Sensex saw an increase of over 800 points on Tuesday, led by Reliance Industries, HDFC Bank and Infosys. After touching a high of 29,316.80, the Sensex was trading 505.20 points or 1.78 percent at 28,945.52. Similarly, the NSE Nifty gained 199.85 points or 2.41 percent to 8,480.95.

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During this period, Tata Steel, HDFC, AXIS Bank, M&M, Reliance Industries, ONGC, ITC, HCL Tech and Titan gained up to three percent. On the other hand, IndusInd Bank fell 15 per cent. Bajaj Finance, Bajaj Auto and Maruti were also in the red mark. The 30-point index fell by 1,375.27 points or 4.61 per cent to close at 28,440.32 and the Nifty fell 379.15 points or 4.38 per cent to 8,281.10 in the previous session.

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As per the stock market data, foreign institutional investors (FIIs) remained net sellers and on Monday sold equity shares worth Rs 4,363.61 crore. According to traders, the country is worried about the economic slowdown due to the growing number of cases of coronavirus infection and the nationwide lockdown, but even then investors are buying every fall.

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