Indian indices end 7 day loss, Sensex up by 480 points

Source : Sify
Author : Sify
Last Updated: Tue, Mar 3rd, 2020, 21:18:42hrs
Indian indices end 7 day loss, Sensex up by 480 points

Mumbai: Indian equity indices on Tuesday ended their seven day slide with the 30 scrip benchmark BSE sensex posting an intra-day gain of 480 points.  

At the end of trading hours, the BSE Sensex was up by 1.26% or 479.68 points up at 38,623.70.  

On the Sensex, baring stocks of HDFCBank(down by 0.07%) and ITC (down by 0.87%) most stocks traded in the green. SunPharma, Tata Steel, NTPC, and ONGC were among the prominent leaders. 

On the broader side, most indices on the Bombay Stock Exchange traded in the green with an over 1.2% intra-day gain. Among sector and industry specifics, metal stocks rose the most with a 5.67 percent gain followed by healthcare stocks at 3.77 percent gain. None of the sectoral indices posted a decline.  

NSE Nifty50 was up by 170.55 points at 11,303.30, up by 1.53%.  

The seven day slide dwarfed investor wealth or market-capitalisation on Bombay Stock Exchange by Rs 12.90 lakh crores. The trade on Tuesday uplifted market-cap on BSE by 2.38 lakh crores to Rs 1,48,19,366.75.

On Tuesday, the Sensex was headed for fresh highs with positive investment cues coming from overseas equity indices. Dow Jones Industrial Average lead a fresh intra-day high on Monday's session. Also, a statement from the Reserve Bank of India on "appropriate actions" to balance financial markets in wake of nCov lead financial distress were largely assuring for the markets.