new Delhi. With the plan to open the lockdown, the stock market is seeing a sharp rise today. The leading index is seeing an increase of over 2 per cent. At the same time, the Nifty reached above the critical level of 9800 in the initial trade. During this time, all sectors of the market are seeing an increase. In today's trade, Sessex opened with a gain of 482 points at 32906 and the Nifty opened with a gain of 147 points at 9727. In early trade, the Sensex rose by a maximum of 239 points to reach the level of 9819, while the Sensex gained a maximum of 900 points to reach the level of 33335.
The government has put forth its plan to end the lockdown. Accordingly, the sector that supports the economy will be given more leeway. With this, traders are hopeful that economic activity will soon see a rise and that activities in infection-free and controlled areas will reach pre-epidemic levels. Though concerns are rising with the increasing cases of infection, expectations also remain from the recovery rate.
The metal sector has seen the biggest increase in today's business. The sector index rose more than 4 percent in early trade. On the other hand, banking, financial services and realty sector indices are seeing an increase of more than 3-3%.
Most of the Sensex shares are currently in the green mark and the maximum gains are seen in Axis Bank and Tata Steel. Both stocks are trading with gains of over 6 per cent. Bajaj Finance, SBI and HDFC are up more than 4%.
This post was published on June 1, 2020 10:14 am
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