Sensex soars by 1863.14 points
Economy

Sensex soars by 1863.14 points

Agency News

Mumbai, Jun 6 : The equity market remained robust for another week, as benchmark index of BSE Sensex zoomed up by 1,863.14 points or 5.75 pc to settle at 34,287.24 on account of easing of nationwide lockdown. Steady foreign fund inflows and positive cues from global markets also boosted sentiment. Key indices logged gains throughout the week, except a small decline on Thursday. The NSE Nifty soared 561.85 points or 5..85 pc to settle at 10,142.15.

The BSE Mid-Cap rallied 710.94 or 6 pc to settle at 12,554.16. The BSE Small-Cap isurged 962.57 points or 8.84 pc to settle at 11,855.17. On Monday, the Sensex jumped 879.42 points at 33,303.52. Nifty gained 245.85 points to settle at 9,826.15. on easing of lockdown, better-than-expected GDP numbers and positive global cues boosted market sentiment. On Tuesday it advanced by 522.01 points to settle at 33,825.53 and the Nifty too gained 152.95 points to settle at 9,979.10. On Wednesday, the Sensex jumped 284.01 points to settle at 34,109.54. Nifty 50 soared 82.45 points to 10,061.55. after Prime Minister Narendra Modi's comment on Tuesday that India's economy would get back on track supported by systemic reforms.

On Thursday, it got a break, as it fell by 128.84 points to settle at 33,980.70. Nifty too fell 32.45 points at 10,029.10. On Friday, the sensex bounced back by 306.54 pts to close high at 34,287.24. The Nifty too rose by 113.05 pts to 10,142.15 on gradual lifting of lockdown measures and expectations of further government stimulus boosted investor confidence. (UNI)

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