Categories: Business

Stock market ends in green as banking and auto stock surge


Stock market today

new Delhi. Domestic stock markets closed higher today with the help of banking and auto stocks buying with better foreign signals. In today's trade, the Sensex gained 595 points to 32200 and the Nifty ended 175 points at 9490.

The auto sector has seen the biggest boom in today's business. The index closed today with a gain of 3.2 per cent. All the 15 stocks included in the index remained in the green mark, the highest being seen in Eicher Motors. The stock has closed up over 7 per cent. Motherson Sumi, Bharat Forge, Hero MotoCorp have been growing by more than 5%. The banking sector index closed up 2.38 percent. 8 of the 12 stocks in the index closed with gains. HDFC Bank closed 4.85 per cent, IndusInd Bank 4.15 per cent, Federal Bank 3.66 per cent and ICICI Bank 2.16 per cent.

Improved foreign signals and buying in heavyweights have been the main reason for today's rally in the stock market. Sentiments improved due to better foreign signals. On the other hand, buying by investors in HDFC Bank, Tata Motors and Reliance Industries helped the leading index to register gains.

This post was published on May 28, 2020 4:36 pm

Content Team

Recent Posts

Ban on gaming apps hopes for opportunity for domestic sector

Photo: MEDIATEK online gaming new Delhi. The government has banned 118 apps keeping in mind the security of the country.…

India august gold imports double to hit 8 months peak says source

Photo: TIMESOFINDIA gold import at 8 months high new Delhi. The economy is now looking forward to a gradual recovery.…

Coal India Q1 profit plunges 55 percent YoY

Photo: GOOGLE Coal India Q1 result new Delhi. Coal India's profit fell 55 per cent in the first quarter to…