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March 31, 2020

Corona wreaks havoc, market gains 700 points in Sensex

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MUMBAI: The stock market opened with a good lead today in the hope of an economic relief package from the Modi government at the Center to counter the Corona epidemic. The US stock market also gained on Thursday. But investor confusions are visible in the domestic market. The market started fluctuating shortly after opening. However, fast recovery is seen after 11 pm.

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Around 11:45 am the stock market was trading in the green mark. The Sensex gained nearly 700 points to close at 29000. The index has seen a high of 29047 in trading so far. The Nifty also gained 2.37% to 8,459.65. OAGC shares are seeing the fastest. The company’s stock was trading up 15%.

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The Sensex had gained 500 points in early trade. However, there was profit-booking in the stock market at the upper level and the market could not maintain its growth. The Sensex was trading at 28,092.66, down sharply after falling 573.07 points. Sensex gained 172.59 points to open at 28460.82. However, upon opening, it reached the red mark for a while. The Nifty was also open with a gain of 19 points at 8284.45.

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