Friday, April 17, 2020
Equity markets in India rose today (, 17th April 2020)tracking firm global cues, ahead of the RBI's announcement of another imminent stimulus package from the government also lifted sentiment.
Among headline indices, the S&P BSE Sensex surged 1,000 points, or 3.14 percent, to 31,600 levels. Banks and financials fired the index's rally with IndusInd Bank (up 6%), HDFC, Axis Bank, and Bajaj Finance (all up 5%) being the top gainers. IT giant Tata Consultancy Services (TCS) also jumped 4 percent post the company's March quarter results announcement.
The broader Nifty50 index was up 280 points around 9,270 levels.
All the Nifty sectoral indices were in the green, led by the Nifty Bank index, up over 4 percent.
