News APP

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  gplay

This article was first published 4 years ago
Rediff.com  » Business » Sensex ends 62 points higher in volatile trade

Sensex ends 62 points higher in volatile trade

Source: PTI   -  Edited By: Nandita Malik
March 11, 2020 16:19 IST
Get Rediff News in your Inbox:

Top gainers in the Sensex pack included Hero MotoCorp, Reliance Industries, ICICI Bank and L&T, while Tata Steel, IndusInd Bank, ONGC, SBI and Infosys ended significantly lower.

Stock

Illustration: Dominic Xavier/Rediff.com

Equity benchmark Sensex ended 62 points higher after a volatile session on Wednesday as risk sentiment remained subdued amid rising coronavirus cases in the country.

Despite rebounding over 386 points during the day, the 30-share index pared most gains to settle 62.45 points or 0.18 per cent higher at 35,697.40.

 

On similar lines, the broader NSE Nifty closed 6.95 points or 0.07 per cent up at 10,458.40.

Top gainers in the Sensex pack included Hero MotoCorp, Reliance Industries, ICICI Bank and L&T, while Tata Steel, IndusInd Bank, ONGC, SBI and Infosys ended significantly lower.

According to analysts, equity benchmarks gave up most gains as nervousness heightened among investors amid rapidly increasing coronavirus cases in the country and mixed cues from global markets.

The number of confirmed cases of coronavirus in India has risen to 60.

The coronavirus epidemic has wreaked havoc across the world, killing more than 4,000 people and leaving close to 120,000 infected.

Bourses in Shanghai, Hong Kong, Seoul and Tokyo ended with significant losses, while those in Europe rallied up to 2 per cent in early trade.

Brent crude oil futures slipped 2.02 per cent to $36.47 per barrel, after Saudi Arabia hiked production by one million barrels a day.

Get Rediff News in your Inbox:
Source: PTI  -  Edited By: Nandita Malik© Copyright 2024 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
 

Moneywiz Live!