Indian Equity markets trading firm


Published On: Thursday, April 9, 2020 | By:

Indian Equity markets trading firm

Equity markets in India are trading firm today (9th March) after Wall Street's overnight rally on the hope that the coronavirus outbreak in the United States was close to a peak. Among headline indices, the S&P BSE Sensex was up 703 points, or 2.4 percent, at 30,620 and the Nifty50 index hovered around 8,970 level, up 224 points, or 2.5 percent. Index heavyweights HDFC, up 5 percent, was the top contributor to the Sensex's gain. Besides, Bajaj Finance, ICICI Bank, Axis Bank, and ONGC were all up over 4 percent. All the Nifty sectoral indices were in the green, led by the Nifty Auto index, up 7 percent. Besides, Nifty Pharma index gained 5 percent. Among the index's components, Cipla (up 15%) and Lupin (up 10%) were the top gainers. The broader market also tracked gains in the main indices. The S&P BSE MidCap and SmallCap indexes were both up over 2.5 percent each.

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