Firm global cues: Sensex jumps 560 points, Nifty near 8,450
Published On: Tuesday, March 31, 2020 | By: Team KnowMyStock
Today (31st March) Indian equity market bounced back as low-level buying in blue-chips propelled the indices higher even as there was a rapid increase in new coronavirus cases in the last 24 hours. A relatively better factory output data from China also helped the sentiments back home. Sensex gained 559 points to 28,999 while NSE benchmark Nifty added 165 points to 8,445. Broader market indices were in-line with their headline peers as Nifty Smallcap jumped 2.26 percent while Nifty Midcap rose 1.49 percent. Nifty 500 was up 1.98 percent. All sectoral indices were trading in the green on NSE with Nifty Metal leading. It was up 2.85 percent while Nifty Financial Services and NIfty Media jumped by over 2 percent. Nifty Realty and Nifty FMCG were among other major gainers.
Among bluechip stocks, Tata Steel was the biggest gainer, jumping 3.48 per cent to Rs 263. Axis Bank, Power Grid, Reliance Industries and HDFC followed with gains of over 2 per cent each. Tech Mahindra, HCL Tech and Infosys from the IT pack were among other gainers in the 30-share pack Sensex.
IndusInd Bank was back to its losing ways as the scrip witnessed profit booking. The stock was stuck at 10 per cent lower circuit limit at Rs 370.40.
Tags: sensex global clues
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