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Business News

Jun 01, 2020

Sensex climbs 879 points; Nifty settles at 9,826

Domestic equity benchmarks today surged for fourth session in a row, driven by gains optimism heightened after the government began the process of unlocking the economy.

Positive cues from global markets also boosted investors' sentiments. In last four sessions, Sensex and Nifty, both, gained more than 8.5 per cent.

After skyrocketing 1,250 points during the day, the 30-share index settled 879 points or 2.57 per cent higher at 33,304. Similarly, NSE Nifty surged 246 points or 2.57 per cent to finish at 9,826.

In broader market at BSE, Mid-cap and Small-cap, both, outperformed the Sensex. Mid-cap rose 2.65 per cent and Small-cap climbed 3.03 per cent.

The rupee today appreciated eight paise to provisionally close at 75 rupees and 54 paise against the US dollar supported by optimism over the government's reopening plan for the domestic economy.

In domestic futures market on the Multi Commodity Exchange, gold contracts for June today rose 226 rupees to 46,880 rupees per 10 gram.

In intra-day trade, Brent crude prices, were trading at 38 dollars and 10 cents per barrel while WTI crude prices were at 35 dollars and 50 cents per barrel.

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