Nifty rises 27% from March lows! Sensex up about 1,400 points in 3 days

Sensex and Nifty moved higher today on the hopes of relief package for the economy affected by the rapid spreading coronavirus (COVID-19) pandemic.

As the market got back into the grip of gain, major indices posted nearly 2 per cent gains on Wednesday. Led by rally in index major players of the market like HDFC, ICICI Bank, Infosys and TCS. BSE Sensex ended at 32,720.16, up 605.64 points or 1.89 per cent. And the broader Nifty 50 index closed above 9,550-mark, gaining 173 points or 1.84 per cent. During the day, Sensex hit the day’s high of 32,897 and Nifty 9,599.

The top gainers of BSE Sensex for the day were HDFC, HDFC Bank, HCL Tech, M&M and Tata Steel. On the flip side, Axis Bank was the top loser, followed by Asian Paint, HUL, Titan, RIL and Nestle India.

The Nifty Metal index was top sectoral gainer with a growth of 3.74 per cent, led by SAIL, Hindalco Industries and Jindal Steel. With today’s rally Nifty has risen 27 per cent from its March low of 7,511, while Sensex gained 23 per cent from its 52-week low.