Sensex rises 359 points, financial drug stocks shine – Sensex rises 359 points financial drug stocks shine
The 30-share Sensex closed at 52,300.47, up 358.83 points, or 0.69 per cent. During the trading, the Sensex went up to 52,346.35 and down to 51,957.92 points.
Similarly, the NSE Nifty closed at 15,737.75, down 102.40 points or 0.65 per cent.
Shares in the Sensex pack, including Bajaj Finance, Bajaj Finserv, State Bank of India, IndusInd Bank, Dr. Reddy’s, Tech Mahindra, ITC and Kotak Bank, rose up to 7.29 per cent.
On the other hand, Bajaj Auto, Maruti, HCL Tech, UltraTech Cement, PowerGrid, ONGC and Nestle were among the losers.
Of the 30 stocks included in the Sensex, 23 ended in gains.
Ahead of the May inflation data in the US, other markets in Asia edged up.
The rupee fell by 9 paise to close at 73.06 against the US dollar in the foreign exchange market.
Jane A Chua, equity research analyst at Julius Baer, said, “Many states have eased lockdowns since the decline in cases of Kovid-19 infections. The central bank is maintaining a liberal stance while the government has released another financial package by announcing free vaccines and providing food grains.
“India is expected to vaccinate two-thirds of the population by the beginning of 2022. This is an important step to curb the Kovid crisis. We have a positive outlook on the market.
Meanwhile, according to the latest data released by the Ministry of Health on Thursday morning, after 94,052 new cases of Kovid-19 were reported in India in a day, the number of infected in the country increased to 2,91,83,121. At the same time, there has been a total decrease of 63,463 cases under treatment in the last 24 hours.
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