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Indian Market: Sensex jumps 1308 points

Indian Market: Sensex jumps 1308 points

India Blooms News Service | @indiablooms | 07 Apr 2020, 10:48 am

Mumbai/UNI: The benchmark Index of Bombay stock exchange on Tuesday rallied by 1308 points to open at 28,898.36 on the strength of buying in realty, bankex, IT and healthcare stocks amid positive Asian Market.

The NIFTY too surged by 363 points to 8,446.30.

The week started on strong note, as the market was shut on Monday for 'Mahavir Jayanti'.

The sectoral indices like technology, Realty, Bankex and IT went up.

In scrips, IndusInd Bank spurted by 19.71 per cent to Rs 375 was the star gainer, followed by M and M by 12.09 per cent to Rs 314.85, Axis Bank by 10 per cent to Rs 358.15, ICICI Bank by 7.49 per cent to Rs 309.40 and HCL Technologies by 7.53 per cent.

In the broader market, the S&P BSE MidCap and SmallCap indexes were also up over 2 per cent each.

In Asia, Japan's Nikkei was up 2.3 per cent while South Korea's Kospi gained over 1 per cent.

In commodities, Brent crude rose 2 per cent and US crude was up nearly 4 per cent anticipating that the world’s main oil producers including Saudi Arabia and Russia could agree to cut output at a meeting on Thursday.

US stocks rocketed higher on Monday, with each of the major indices rallying over 7 per cent.  

Indian Market: Sensex jumps 1308 points

India Blooms News Service
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