Sensex, Nifty Close Higher; Nifty PSU Bank Spurts Over 8%

Sensex and Nifty after hitting new highs in the morning session retreated lower. And towards the close recouped the earlier losses primarily on the back of gains in RIL scrip and PSB gained, which gained over 7% primarily on loan moratorium stance by the centre and capital infusion.

Sensex closed at 45608, up 181 points, while Nifty ended at 13392, up 0.28 percent or 37 points.

The centre in the hearing today iterated how the interest waiver will impact the economy. Also there is being infused an additional capital to the tune of Rs. 20000 crore for PSBs for FY2021.

Sensex, Nifty Close Higher; Nifty PSU Bank Up Over 7%

PSU stocks however traded lower. Gains in the RIL were to the extent of 2 percent after the oil to telecom raised overseas debt.

Meanwhile, European markets traded lower with huge discount on the CAC. Also US stock futures were down too, pointing to a weak opening. In the international markets, there has been a resurgence of corona positive cases, leading to fresh lockdowns at some of the places, which is weighing on the markets.

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