Sensex and Nifty Surge Today Ending in Green

Bulls took over today’s market as Sensex lead by 742.84 points closing at 31,379.55 at the end of the day. Nifty surged by 205.85 points closing at 9187.30.

Facebook Inc picked by 9.99% stake in Reliance for INR 43,574. Reliance was the top gainer after deal with Facebook. All sectors saw a significant jump including auto and energy sector, increasing by 2-3%.

Kotak Investment Advisors Ltd, the top advisor company in India, asked its clients to hold back on investing due to market volatility and declining trend. They advised to wait and observe for a couple of days to know the market’s position. Also, they stated that they are not recommending or asking to sell out from the market.

Top Gainers: Sensex and NIFTY

Zee Entertainment Ltd saw an of around 20% in its stock as Florida Retirement System acquired 0.53% stake in the company. Reliance Industries Limited after pulling a big deal with Facebook, saw a leap of 9.83%. Followed by Asian Paints that saw 5.27% increase in share value amid fall in crude oil prices. IndusInd Bank and Nestle India increased by 3.80% and 3.48% respectively.

Auto sector saw a good growth in their value by 2-3% approximately.

Losers: Sensex and NIFTY

ONGC saw a loss in today’s market due to the fall of Crude oil prices in the global economy, thus making it difficult for the state-owned company to operate without incurring losses. Vedanta Ltd, L&T and Cipla were also among the list of loss bearers during today’s session with a decline of 2.55%, 1.71% and 0.52% respectively.

FII/DII Change

Today, Foreign Institutional Investors took out 1326 crores for the Indian market. Investment of around 5441.64 crores done and shares worth 6767.73 crores were sold off.

Domestic Institutional Investors invested around 4352.95 crores and sold stocks of value 3489.13 crores thus leading to an increase in investment in Indian market by domestic investors by 863.82 crores.

Sensex and NIFTY may continue to be under pressure as Coronavirus cases keep increasing in India.

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