Sensex jumps 1800 pts as US approves $2 trn stimulus package
25/03/2020 14:49

Indian indices gained further in the afternoon trade with Nifty above 8,300 level after the U.S. government agreed on a massive stimulus package to ease the economic burden of the coronavirus pandemic. The media reports said the US Senate leaders had reached deal with the White House on $2 trillion coronavirus stimulus package.

At 14:40 hours, the 30-share benchmark index was trading at 28567.69 up by 1893.66 points or by 7.1 % and then NSE Nifty was at 8372.2 up by 571.15 points or by 7.32 %. Sensex touched intraday high of 28790.19 and intraday low of 26359.91 The NSE Nifty touched intraday high of 8373.95 and intraday low of 7714.75

The top gainers of the BSE Sensex pack were Reliance Industries Ltd. (Rs. 1112.40,+17.95%), Kotak Mahindra Bank Ltd. (Rs. 1298.00,+13.00%), HDFC Bank Ltd. (Rs. 838.00,+9.48%), Maruti Suzuki India Ltd. (Rs. 4891.05,+9.04%), Housing Development Finance Corporation Ltd. (Rs. 1628.20,+8.42%), among others.

The top losers of the BSE Sensex pack were IndusInd Bank Ltd. (Rs. 301.00,-3.63%), Oil And Natural Gas Corporation Ltd. (Rs. 61.35,-1.84%), ITC Ltd. (Rs. 147.45,-1.34%), among others.

Among the sectors, _Bankex index was at 21225.85 up by 1595.53 points or by 8.13%. Kotak Mahindra Bank Ltd. (Rs. 1296.95,+12.91%), HDFC Bank Ltd. (Rs. 840.00,+9.74%), Axis Bank Ltd. (Rs. 326.70,+7.77%), ICICI Bank Ltd. (Rs. 316.50,+6.71%), State Bank of India (Rs. 190.50,+3.90%),. CDS index was at 27288.96 down by -104.13 points or by -0.38%. PC Jeweller Ltd. (Rs. 8.00,-2.44%),.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2411 , shares advanced were 1204 while 1036 shares declined and 171 were unchanged.