Tag: sensex surges

Indian equity markets staged a sharp recovery from the morning lows today (8th April 2020) with major private banks and auto stocks leading the charge. The S&P BSE Sensex gained 700 points, or 2.4 percent, to hover around 0.740 levels. The broader Nifty50 reclaimed the psychological level of 9,000 after 228-point, or 2.6 percent, up move. Among individual stocks, IndusInd Bank bounced back nearly 20 percent from the day's low while Axis Bank jumped 8 percent. Besides, Mahindra & Mahindra and HDFC were both up over 6 percent each. All the Nifty sectoral indices were in the green led by Nifty Private Bank index, up 6 percent.

Indian equity markets followed the gains in Asian peers and surged over 4 percent, lifted primarily by pharma, IT, and private bank stocks, in the first trading session after an extended holiday. The S&P BSE Sensex index was up 1,160 points, or 4.21 percent, at 28,750 levels. IndusInd Bank zoomed 17 percent while Axis Bank was up 10 percent. Besides, Sun Pharma, HCL Tech, and ICICI Bank were up in the range of 8-10 percent. The Nifty50 index jumped 333 points, 4.1 percent, higher at 8,410 levels. All the Nifty sectoral indices were trading in the green, led by Nifty Bank, Nifty Pharma and Nifty IT indexes, all up over 5 percent each. In the broader market, the S&P BSE MidCap and SmallCap indexes were also up over 2 percent each.