Market LIVE: Sensex jumps 450 points, Nifty above 7,900; FM Sitharaman promises economic relief package soon....
In share market Sensex jumps 450 points on today and nifty is above 7900.
Share Market News Today | Sensex, Nifty, Share Prices TODAY:
Domestic equity market benchmarks Sensex and Nifty opened rocket on Wednesday taking cues from Asian markets which rallied as US policymakers are close to clearing a $2 trillion stimulus package to fight against fast-spreading coronavirus. S&P BSE Sensex was trading 496 points or 1.86 per cent higher at 27,170, while the broader Nifty 50 index was ruling at 7934 up 133 points or 1.74 per cent. As many as 17 stocks out of 30 Sensex stocks were trading in green with RIL as the top gainer, up 8 per cent to Rs 1019.40, followed by Bajaj Finance, Tech Mahindra and HDFC. On the flip side IndusInd Bank was the top Sensex loser, down 4 per cent. LT, UltraTech Cement and Titan were among other laggards on the index. Sectoral indices were trading mixed in today’s session. Nifty Media and Nifty PSU Bank indices were down, over 2 per cent each. While Nifty IT, FMCG and Financial Services indices gained over half a per cent.
Announcing the raft of decisions, which contain relief to both companies and individuals, finance minister Nirmala Sitharaman also pledged a broader economic relief package soon. “No move to impose financial emergency, as was claimed by some reports,” the minister said, asserting the government’s ability as well as willingness to deal the situation appropriately.
