For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Sensex Surges In Openings Trade, Banking Stocks Lead

|

Benchmark indices surged in trade, led by solid gains in banking stocks. The gains game despite a weakish trend from the Asian markets. The Sensex was trading with gains of 654 points, while the Nifty was up 194 points in trade.

Banking stocks were leading the set of gainers with Bandhan Bank gaining more than 5 per cent, while ICICI Bank was up more than 4 per cent in trade. Most of the Asian markets were trading sharply higher. Heavyweights, HDFC and HDFC Bank were both contributing to the sharp gains. Pharma stocks were seeing some good gains with Cipla surging 10 per cent, while Sun Pharma was up more than 5 per cent.

Sensex Surges In Openings Trade, Banking Stocks Lead
 

Among the Nifty stocks that saw some losses was Adani Ports, which was marginally down in trade. The midcap and the small cap also followed the benchmark indices higher with gains of nearly 2 per cent.

Future Retail was locked at the lower end of the circuit filter once again, with the stock seeing a 5 per cent loss once again. It also hit a 52-week low in the process.

Meanwhile, most Asian markets were trading mixed. The Hong Kong's Hang Sang was up marginally, while the Japanese Nikkei was trading with marginal losses.

Investors are exercised caution as markets could be increasingly volatile in the coming days.

Read more about: sensex banking stocks stocks
Story first published: Thursday, April 9, 2020, 9:33 [IST]
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
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