Sensex Ends 415 Points higher, Banking Stocks Surge

The Sensex and the Nifty began a truncated week on a buoyant note, led by solid gains in global stocks. Most of the Asian markets ended the day sharply higher, as optimism grew around the opening of major economies around the world.

The Sensex ended the day with gains of 415 points, while the Nifty advanced 127 points.

Banking stocks led gainers in trade with IndusInd Bank, Axis Bank and ICICI Bank seeing good gains. IndusInd Bank was the top gainer from the Nifty ending the day higher by 6 per cent.

Other notable gainers were Britannia and Bharti Infratel. Stocks from the Nifty that lost ground were M&M, NTPC, HDFC Bank and Dr Reddy's. HDFC Bank was among the few banking stocks that ended lower in trade.

Shares in MindTree surged 13 per cent, following a good set of quarterly numbers. Shares in Pfizer surged and was up almost 10 per cent after the company declared a whopping dividend OF Rs 320 per share.

Lincoln Pharma saw its shares gain after the company informed the exchanges that it got permission from the Food and Drug Administration of Gujarat to manufacture various dosages of Hydroxychloroquine Tablets and Hydroxychloroquine Sulfate Tablets at its Ahmedabad unit.

Meanwhile, the rupee ended the day higher by 26 paise at 76.24 to the dollar.

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