Sensex closes by 62 points, RIL rises by 3 percent

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Traders said investors invested in the energy, banking and consumption-based sectors, where the recent decline was seen. Hero MotoCorp, Reliance Industries, ICICI Bank and L&T were the major gainers in the Sensex. Tata Steel, IndusInd Bank, ONGC, SBI and Infosys declined.

Mumbai. On Wednesday, the Sensex closed up 62 points in heavy trading in the stock market. During this period, RIL, ICICI Bank and HDFC Bank saw a boom, although the market is under the grip of apprehension due to rising outbreak of Corona virus. During the trading, the 30-share Sensex rose to 386 points at one time. It finally ended at 35,697.40, up 62.45 points or 0.18 percent. The National Stock Exchange’s NSE Nifty gained 6.95 points or 0.07 percent to end at 10,458.40.

Traders said investors invested in the energy, banking and consumption-based sectors, where the recent decline was seen. Hero MotoCorp, Reliance Industries, ICICI Bank and L&T were the major gainers in the Sensex. Tata Steel, IndusInd Bank, ONGC, SBI and Infosys declined. Energy, telecom, capital goods, finance and banking stocks rose by 2.11 percent, while oil and gas, metals, IT, consumer goods and auto stocks declined. The BSE Midcap and Smallcap indices also declined. According to traders, the rapid rise in corona virus cases in the country and mixed trends from abroad had led to panic among investors and the market lost its initial edge.

The confirmed cases of corona virus in India have increased to 60. The corona virus has taken the form of an epidemic worldwide and has killed more than 4,000 people, while infecting over 1.20 lakh people. Stock markets in Shanghai, Hong Kong, Seoul and Tokyo closed with losses, while Europe saw a gain of two percent during early trading. Meanwhile, Saudi Arabia announced a 1 million barrel per day increase in crude oil production, after which Brent crude oil slipped 2.02 percent to $ 36.47 a barrel in the futures market. However, the exchange rate of the Indian rupee strengthened by 46 paise to 73.70 per dollar.

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