Sensex jumped more than 600 points to reach 32,289

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Sensex : Dalal street was highly volatile on the first day of the week. The front runner stocks all lost track of their gains and ended in the negative zone. Major losses were suffered by the banking sector. ICICI bank, HDFC Bank and HDFC contributed showed signs of distress. Others were Nestle India, Hindustan Unilever and Kotak Mahindra Bank. People also invested in auto and IT companies which was the need of the hour. Hero Motocorp was the highest gainer with 6.15% growth along with Bajaj-Auto, Maruti Suzuki, TCS and HCL Tech.Nifty bank index plummeted by 2.08% or 402 points. The Nifty Auto Index however, jumped 4.26% .

Talking further about numbers, the S&P BSE sensex shed over 81 points or 0.26 percent to 31,561.22 levels. Of 30 constituents, 16 plunged while the rest advanced. Equity benchmark index Sensex jumped more than 600 points to reach 32,289. It was stupendous to see it rise above 32,000 mark. The Nifty50 index was also highlighted with a green signal with an increase of nearly 200 points at 9,432 in the early trade.

The movement of IRCTC shares was a major shock. On Bombay stock exchange it hit a blooming high at Rs. 1,303 per share. This amounted to approximately 5 percent rise. It came after the Indian Railways announced the gradual resumption. As a part of starting operations again, selected passenger trains will begin services from May 12.

 

Also read:-Sensex closed 2,002 points or 6 percent lower at 31,715 while the Nifty index ended at 9, 293, down 566 points