Sensex up 415.86 points

Sensex up 415.86 points

Mumbai, Apr 27 : The BSE sensex on Monday bounced back 415.86 points to end in green at 31743.08 following gains in bankex, finance, FMCG and realty stocks amid positive global cues. Financial stocks lifted the market, after the Reserve Bank of India announced a Special Liquidity Facility (SLF) for Mutual Funds worth Rs 50,000 crore.

The Nifty of national stock exchange too rose by 127.90 pts to 9,282.30. Declining by 535 points on Friday, the Sensex opened on a strong note at 31,659.04, up by 332 pts. Till noon it zoomed by 776 pts to 32,103.70, days high after RBI announced by Special Liquidity Facility (SLF) for Mutual Funds worth Rs 50,000 crore.

In late trade, it slightly dipped and closed positive at 31,743.08, surging by 415.86 pts from its previous close. The sectoral indices include bankex, finance, FMCG and realty and materials supported the market. Seeing scrips, IndusInd Bank, Axis Bank, Kotak Bank and ICICI Bank shined today. The mid cap rose by 1.44 pc and small cap by 1.37 pc. In 30 scrips of bundle, 25 advanced while 5 declined.

Asian shares bounced as the Bank of Japan (BOJ) announced more stimulus steps to help cushion the economic impact of the coronavirus, but the recent weak run in the global oil price showed no signs of ending. Broadest index of Asia-Pacific shares outside Japan rose 1.8 per cent, taking back a chunk of last week's 2.6 per cent decline. Japan's Nikkei gained 2.6 per cent, and Chinese blue chips 1 per cent.

In commodities, oil prices fell following global economic doldrums from the coronavirus pandemic. US oil futures led losses, falling by more than 2 dollars a barrel on fears that storage at Cushing, Oklahoma, could reach full capacity soon. More (UNI)

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