Market frontline indices climbed higher in the weekend with the Sensex & Nifty closing the day sharply higher, led by strong global cues and RBI’s liquidity steps.
The BSE benchmark Sensex ended the day greater by 986-points, at 31,588.72 while the NSE Nifty closed up by 274-points at 9,266.75. Major gainers in the Nifty were Axis Bank, Eicher Motors, ICICI Bank, Maruti-Suzuki and IndusInd Bank. On the other hand, main losers include Nestle India, Hindustan Unilever, Bharti Infratel, SunPharma and TechMahindra.
Majority of the financial and banking stocks closed the day higher after the Central Bank announced liquidity measures to boost the economy. Get more information Free Stock Tips and Best stock tips visit our website.
Among major stock buzz, Real estate stocks surged with Nifty Realty index climbing higher by 3.59 percent after Reserve bank announced liquidity measures. Obroi Realty, SunTech, Sobha and Indabulls Real estate gained 12.20 and 4.93 percent in range.
Reliance Industries (RIL) share price went up 5.30-pc on raising Rs.8,500-cr via bonds after the RBI decided to GIVE additional liquidity to banks to fund companies impacted by the COVID19 outbreak.