- At the opening of the market, the Sensex jumped 350 points.
- Shares of sugar companies rose today.
- Shares of Adani Group hit a year-high
The fall in capital markets took a break on Monday. Sensex and Nifty took a big leap today as investors preferred to buy again. Currently, the Sensex is up 250 points.
The Sensex and Nifty plunged sharply in the last session of last week on the back of sell-offs by investors in the wake of negative signals from global markets. The Sensex had lost 441 points, while the Nifty had lost 143 points. Investors lost Rs 2.30 lakh crore during the session.
Today, however, the market has seen a surge in buying since morning. At the opening of the market, the Sensex jumped 350 points. The Nifty touched 15,000 again. Nifty It had increased by 100 points. At present, the Sensex is up 130 points at 50,535. The Nifty rose by 42 points to 14,980.
In today’s session, there is a flow of purchases in banks, financial institutions, auto, and energy. Out of 30 stocks on the Sensex, 22 are up. ONGC, Reliance Industries, Axis Bank, NTPC, HDFC Bank, Mahindra & Mahindra, L&T, SBI, Kotak Mahindra Bank, Tech Mahindra, Maruti, ICICI Bank, Sun Pharma, Infosys, and HDFC rose.
On the other hand, ITC, TCS, IndusInd Bank, Powergrid, Dr. Shares of Reddy’s Lab, Asian Paints, Bajaj Finance, Nestle, Ultratech Cement, Titan, and Bajaj Auto declined. Shares of BEML rose 7% and ONGC 4%. All sectoral indices on the Nifty have risen. The Nifty Bank Index has risen 3 percent.
Shares of sugar companies rose today. Shares of Balrampur Sugar, EID Parry, Dwarikesh Sugar, Dhampur Sugar, and Dalmia Bharat Sugar rose as much as 7 percent after the next season was predicted to be good for the sugar industry.
The developments in the US Corona economic package are currently affecting major stock markets globally. Shares of India, Japan, Hong Kong and Korea rose in Asia today. Foreign institutional investors sold shares worth Rs 2014 crore on Friday, according to stock market data.
Shares of Adani Group hit a year-high
Today, shares of Adani Group, Adani Power, Adani Total Gas, and Adani Group have reached their all-time highs. APL Apollo and Astral Polytech have also reached year-round highs.