Equity markets in India shot up over 2 percent each today (1st June 2020), in line with other Asian markets, after the government eased curbs on most economic activities even as the lockdown in containment zones was extended till June 30.
The S&P BSE Sensex zoomed 900 points, or 2.7 percent, to 33,300, and the Nifty50 index was topped 9,800 levels. Axis Bank and Tata Steel (both up 6%) were the top Sensex gainers. Besides, Bajaj Finance and IndusInd Bank also rose 4 percent each.
All the Nifty sectoral indices were in the green, led by the Nifty Metal index, up 4 percent. Nifty Bank index also rose over 3 percent.
Twelve companies, including V-Guard Industries and Orient Electric, are scheduled to announce their March quarter results.