Market open higher led by Reliance, Grasim

Market-Today

Stock benchmark indices started the session higher on Wednesday, 25-March, tracking global cues.

On Tuesday, the Prime Minister Narendra Modi called for a countrywide lock-down starting from midnight. The lock-down period will be 21-days. Prime Minister asserted that the 21-day lock-down was inevitable to break the chain of the Corona virus outbreaks, adding that social distancing is the single option to combat the virus outburst.

At around 10-am, the Sensex traded higher by 34 points and the Nifty up by 24 points in trade.

Reliance Industries, Grasim. Nestle India, Britannia and PowerGrid were among major gainers on the Nifty, whereas IndusInd Bank, Mahindra and Mahindra, HeroMotorCorp, ITC and L&T were top losers.

Banking scrip continued to trade lower with IndusInd Bank and PNB were down near 8-pc at this point.Watch latest stock market updates, from here.

Meantime, Asian stocks extended higher today as the US Congress appeared to be close to a pact on a about USD2-trillion stimulus package to combat the COVID19, which set off a historic rise in US equities.

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