Sensex ends above 1,800 points, Nifty at 8,300
The BSE Sensex closed 1,861.75 or 6.98 per cent up at 28,535.78. Similarly, the NSE Nifty gained 496.75 or 6.37 per cent to 8,297.80.
Sensex up by 1,800 points; Nifty reclaims 8,300 level
BSE
15:34 March 25
14:34 March 25
BSE Sensex up by 2,000 points,Nifty above 8,300
The S&P BSE Sensex index was trading above 2,000 points in the afternoon deals, and the broader NSE Nifty 50 benchmark was trading above 8,300 mark.
14:11 March 25
Sensex surges over 1,600 points; Nifty reclaims 8,200 level
Equity benchmark Sensex rallied over 1,600 points in afternoon session on Wednesday led by gains in index heavyweights Reliance Industries, HDFC twins, ICICI Bank and Kotak Bank as government took drastic measures to combat Covid-19 outbreak.
Asian peers were also trading higher as authorities world over stepped up efforts to fight the pandemic.
After rallying 1,657 points, the BSE barometer was trading 1,573.02 points or 5.90 per cent higher at 28,247.05.
Similarly, the NSE Nifty was trading 444.30 points, or 5.70 per cent, up at 8,245.35.
Axis Bank was the top gainer in the Sensex pack, rallying up to 15 per cent, followed by Reliance Industries, Kotak Bank, ICICI Bank, Maruti, UltraTech Cement, HDFC twins and Bharti Airtel. On the other hand, ITC, ONGC and L&T were the laggards.
10:10 March 25
Forex, money market closed for Gudi Padwa
Forex, money markets closed on Wednesday for Gudi Padwa.
10:07 March 25
Markets turn negative
After rallying 625.41 points, the BSE barometer gave up all gains to trade 85 pints down at 26,588.33 at 10:07 am. Similarly, the NSE Nift fell 41.65 points at 7,759.40.
10:05 March 25
Top gainers and losers
Reliance Industries was the top gainer in the Sensex pack, rallying up to 7 per cent, followed by Nestle India, Tech Mahindra, HDFC, PowerGrid and HUL. On the other hand, IndusInd Bank, ITC, L&T and ICICI Bank were the top losers.
10:03 March 25
Asia markets track Wall St surge as US targets blockbuster bill
Asian equities soared again following a blockbuster day in New York and Europe as US lawmakers edge towards a mammoth stimulus package to support the world's top economy against the impact of the coronavirus pandemic.
While the deadly disease continues to spread, traders have a rare semblance of optimism after weeks of carnage across global markets, with eyes fixed on Washington where lawmakers are thrashing out an emergency bill worth as much as USD 2 trillion - around 10 per cent of US gross domestic product.
Tokyo went into the break 5.7 per cent higher, Hong Kong, Sydney, Singapore and Wellington all gained more than two per cent. Seoul and Taipei each climbed more than four percent and Manila piled on more than five percent. Shanghai was a little shy of two percent higher.
10:02 March 25
Oil prices rally on hopes for US stimulus
Oil prices rallied in Asia on signs the US Congress was nearing an agreement on a massive stimulus package to help the coronavirus-ravaged American economy, tracking record Wall Street gains.
International benchmark Brent crude was up 2.9 per cent to trade at nearly USD 28 per barrel, while US benchmark West Texas Intermediate rose 3.5 per cent to nearly USD 25 per barrel.
Both contracts have hit multi-year lows in recent weeks as lockdowns and travel restrictions to fight the virus hit demand, and with top producers Saudi Arabia and Russia engaged in a price war.
Wednesday's gains came after the Dow surged 11.4 per cent, its biggest one-day percentage increase since 1933, on indications Congress is nearing agreement on a rescue package for the US economy that could amount to more than USD 2 trillion.
08:49 March 25
Sensex gains 300 points, Nifty above 7,900
Mumbai: The BSE Sensex opened in green gaining 295 points at 26,969.30. Similarly, the NSE Nifty was trading 115 points up at 7,915.
(Input from agencies)
15:34 March 25
Sensex ends above 1,800 points, Nifty at 8,300
The BSE Sensex closed 1,861.75 or 6.98 per cent up at 28,535.78. Similarly, the NSE Nifty gained 496.75 or 6.37 per cent to 8,297.80.
14:34 March 25
BSE Sensex up by 2,000 points,Nifty above 8,300
The S&P BSE Sensex index was trading above 2,000 points in the afternoon deals, and the broader NSE Nifty 50 benchmark was trading above 8,300 mark.
14:11 March 25
Sensex surges over 1,600 points; Nifty reclaims 8,200 level
Equity benchmark Sensex rallied over 1,600 points in afternoon session on Wednesday led by gains in index heavyweights Reliance Industries, HDFC twins, ICICI Bank and Kotak Bank as government took drastic measures to combat Covid-19 outbreak.
Asian peers were also trading higher as authorities world over stepped up efforts to fight the pandemic.
After rallying 1,657 points, the BSE barometer was trading 1,573.02 points or 5.90 per cent higher at 28,247.05.
Similarly, the NSE Nifty was trading 444.30 points, or 5.70 per cent, up at 8,245.35.
Axis Bank was the top gainer in the Sensex pack, rallying up to 15 per cent, followed by Reliance Industries, Kotak Bank, ICICI Bank, Maruti, UltraTech Cement, HDFC twins and Bharti Airtel. On the other hand, ITC, ONGC and L&T were the laggards.
10:10 March 25
Forex, money market closed for Gudi Padwa
Forex, money markets closed on Wednesday for Gudi Padwa.
10:07 March 25
Markets turn negative
After rallying 625.41 points, the BSE barometer gave up all gains to trade 85 pints down at 26,588.33 at 10:07 am. Similarly, the NSE Nift fell 41.65 points at 7,759.40.
10:05 March 25
Top gainers and losers
Reliance Industries was the top gainer in the Sensex pack, rallying up to 7 per cent, followed by Nestle India, Tech Mahindra, HDFC, PowerGrid and HUL. On the other hand, IndusInd Bank, ITC, L&T and ICICI Bank were the top losers.
10:03 March 25
Asia markets track Wall St surge as US targets blockbuster bill
Asian equities soared again following a blockbuster day in New York and Europe as US lawmakers edge towards a mammoth stimulus package to support the world's top economy against the impact of the coronavirus pandemic.
While the deadly disease continues to spread, traders have a rare semblance of optimism after weeks of carnage across global markets, with eyes fixed on Washington where lawmakers are thrashing out an emergency bill worth as much as USD 2 trillion - around 10 per cent of US gross domestic product.
Tokyo went into the break 5.7 per cent higher, Hong Kong, Sydney, Singapore and Wellington all gained more than two per cent. Seoul and Taipei each climbed more than four percent and Manila piled on more than five percent. Shanghai was a little shy of two percent higher.
10:02 March 25
Oil prices rally on hopes for US stimulus
Oil prices rallied in Asia on signs the US Congress was nearing an agreement on a massive stimulus package to help the coronavirus-ravaged American economy, tracking record Wall Street gains.
International benchmark Brent crude was up 2.9 per cent to trade at nearly USD 28 per barrel, while US benchmark West Texas Intermediate rose 3.5 per cent to nearly USD 25 per barrel.
Both contracts have hit multi-year lows in recent weeks as lockdowns and travel restrictions to fight the virus hit demand, and with top producers Saudi Arabia and Russia engaged in a price war.
Wednesday's gains came after the Dow surged 11.4 per cent, its biggest one-day percentage increase since 1933, on indications Congress is nearing agreement on a rescue package for the US economy that could amount to more than USD 2 trillion.
08:49 March 25
Sensex gains 300 points, Nifty above 7,900
Mumbai: The BSE Sensex opened in green gaining 295 points at 26,969.30. Similarly, the NSE Nifty was trading 115 points up at 7,915.
(Input from agencies)
Last Updated : Mar 25, 2020, 3:40 PM IST
