For Quick Alerts
For Daily Alerts

Sensex Surges 1800 Points, Banking Stocks Rally


The Nifty and the Sensex surged in trade, playing catch-up with global markets, which had rallied on Monday. Indian markets which were closed on Monday, hence reacted today with the Sensex surging 1768 points, while the Nifty gained 511 points in trade.

Reports that the lockdown maybe eased helped sentiments. Also, domestic investors were encouraged by news that India may see passive flows as the FPI limit has been increased to the sector foreign limit.

US stocks surged on Monday, with each of the major indexes rallying at least 7%, after a fall in the daily death toll in New York, the country's biggest coronavirus hot spot. Most of the global markets rallied on reports that major countries were seeing fewer deaths and infections.

Sensex Surges 1800 Points, Banking Stocks Rally

Banking stocks were the biggest gainers in trade with the Bank Nifty surging almost 6 per cent in trade. ICICI Bank, Bandhan Bank, Axis Bank and IndusInd Bank were among the big gainers in trade.

Auto stocks also saw good buying support with Mahindra and Mahindra among the top gainers in trade. There were no Nifty losers in early trade today.

Read more about: sensex nifty global markets
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more