Recovering from yesterday’s sharp fall, the Sensex and Nifty rallied again today. In the morning session, the Sensex rose by 500 points and the Sensex once again crossed the level of 50,000 points.
At present, the BSE benchmark Sensex is trading at 49777 points, up 62 points. Nifty With an increase of 43 points, it is at 14726 points. Bluechip stocks are in demand in the market. Banks, NBFCs, and autos have seen gains. AU Small Finance Bank, Indian Bank, PNB, Axis Bank, ICICI Bank, SBI are the gainers. Shares of Tata Motors, SAIL, Hindalco, and Ashok Leyland also rose.
Shares of Reliance Industries, which lost ground yesterday, took a U-turn today. Today, Reliance has risen by Rs 31 to Rs 2,039. Shares of TCS, Infosys, ONGC, and ITC also rose. The rupee had gained 16 paise against the dollar in the morning trade. The rupee had closed at 72.33.
Concerns are being raised globally as the number of corona patients continues to rise. Apart from that, crude oil prices have also been rising in the last few days. As a result, petrol and diesel in India have reached record levels. Various organizations have predicted that the rise in fuel prices will lead to higher inflation in the future.
Across the country, the coronavirus has re-emerged. In Maharashtra, Karnataka, the number of patients is increasing rapidly and a partial lockdown has been implemented as a precautionary measure. The repercussions were felt in the capital markets today. Chauffeur sales started in the market on Monday after the collapse of the corona. The Sensex had lost 1,000 points on Monday, while the Nifty had lost 280 points. Investors lost Rs 2.6 lakh crore.