Equity benchmark Sensex surged 879 points on Monday, driven by gains in Reliance Industries, HDFC twins and TCS as investor optimism heightened after the government began the process of unlocking the economy.
In its endeavour to offer new products to commodity market participants and to deepen the market ecosystem, the BSE on Monday launched options on goods contracts like gold mini and silver kilo.
Equity benchmark Sensex rallied over 900 points in early trade on Monday, driven by gains in HDFC twins, ICICI Bank and Reliance Industries amid firm cues from global markets.
Equity benchmark Sensex tumbled over 300 points in early trade on Friday dragged by losses in HDFC Bank, Infosys, TCS and Reliance Industries amid weak cues from global markets.
Benchmarks are rising on account of short-covering by market participants ahead of May derivatives expiry, analysts said. However, investor sentiment continues to remain cautious as coronavirus cases have been on a rise in the country, they noted.
In the previous session, the BSE barometer declined 63.29 points or 0.21 per cent to end at 30,609.30, while the broader Nifty closed 10.20 points or 0.11 per cent down at 9,029.05.
Equity benchmark Sensex rallied over 400 points in early trade on Tuesday led by gains in index-heavyweights HDFC twins, ITC and Reliance Industries amid positive cues from global markets.
Equity benchmark BSE Sensex tumbled 260 points on Friday, dragged by losses in banking and financial stocks as RBI's rate cut and other measures to prop up the economy failed to meet market expectations.
Buying in Reliance Industries offset the negative sentiment in the market as the scrip jumped over 1 per cent after the company announced the sale of a 2.32 per cent stake in its digital unit to US private equity giant KKR for Rs 11,367 crore.
In the previous session, the BSE barometer climbed 622.44 points or 2.06 per cent to settle at 30,818.61, while the broader Nifty rose 187.45 points, or 2.11 cent, to 9,066.55.
In the previous session, the BSE barometer settled 167.19 points or 0.56 per cent higher at 30,196.17, while the broader Nifty advanced 55.85 points or 0.63 per cent to end at 8,879.10.
Shares of Bharti Airtel on Tuesday zoomed 10 per cent after the company reported consolidated revenue of Rs 23,722.7 crore during the reported quarter on broad-based strength, with all segments registering healthy underlying growth.
Telecom operator Bharti Airtel on Monday posted a consolidated loss of Rs 5,237 crore in the fourth quarter ended fiscal year 2020, mainly on account of making provision for paying statutory dues.
In the previous session, the BSE barometer settled 1,068.75 points or 3.44 per cent lower at 30,028.98, while the broader NSE Nifty plunged 313.60 points or 3.43 per cent to 8,823.25.
Equity benchmark Sensex dropped over 200 points in opening session on Friday tracking losses in index heavyweights HDFC Bank, ICICI Bank and Reliance Industries amid weak domestic investor sentiment.
In the previous session, the BSE barometer settled 190.10 points or 0.60 per cent lower at 31,371.12, and broader Nifty declined 42.65 points, or 0.46 per cent, to 9,196.55.
In the previous session, the BSE barometer settled 81.48 points or 0.26 per cent lower at 31,561.22, and the broader Nifty fell 12.30 points, or 0.13 per cent, to 9,239.20.
Billionaire investor Rakesh Jhunjhunwala has raised his stake by 2.85 lakh shares in VIP Industries during the January-March, 2020 period. Following Jhunjhunwala's purchase, stocks of VIP Industries rallied by almost 10 per cent on the BSE.
In the previous session, the BSE barometer settled 199.32 points or 0.63 per cent higher at 31,642.70, while the broader Nifty rose 52.45 points, or 0.57 per cent, to finish at 9,251.50.
According to traders, besides stock-specific action, massive foreign fund inflow and firm cues from global markets enthused buying activity in the domestic market.
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