Sensex jumps 1411 points to 29947

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(Gujarat News Representative) Mumbai, Ta. March 26, 2020, Thursday

The 21-day lockout announced in India due to the corona pandemic, funded at the end of March trend in futures and options (F&O) in the massive package and stock markets announced by Finance Minister Nirmala Sitharaman today for relief to the poor of the country from 21 days till April 14, 2020. Continuous huge short coverings pushed the stock up all round. Although this huge package was announced today to help the country's poor with food grains, the profit booking for stocks was seen at one point today as the economic package for industries, corporate India will be announced later. With the continued short-covering of foreign funds, the index-based boom was again booming, with the Bottom Prices boom in the fund's good stocks becoming widespread as the fiscal year 2019-20 ended. Earlier in the day before the Indian government launched this package in the US, two US $ 2 trillion huge stimulus package as part of a plan to fight Corona and save the country from economic catastrophe. The US market was gaining momentum as the Senate approved. Of course, with the Corona epidemic hitting the global economic growth as a major blow to global economic growth, crude oil international prices have stayed up again, falling 87 cents per barrel to $ 27.03 in the evening and Naimax crude for 45 cents to close at $ 24.04. In the global markets, the markets of Asia were softening with the markets of European countries today. Banking-finance, power-capital goods, consumer durables, FMCG, IT-software services, auto stocks jumped by 1410.99 points, jumped 29946.77 and Nifty spot 323.60 points, and closed 831.45 points at 321.65 points in the Indian stock markets.

Sensex intra-day 30000 level plunged 30099 to 28,666 at 1411 points and rose 29947

The day started off strong today. Sensex opened at 29073.71 against the previous close of 28535.78, after strengthening in the opening, stocks including Reliance Industries, Maruti Suzuki, Sun Pharma, Tech Mahindra fell to 28566.34. In the immediate upward trend, banking-finance stocks include IndusInd Bank, Bajaj Finance, Kotak Mahindra Bank, HDFC Bank, HDFC Limited, Axis Bank with short cover and FMCG stocks with Hindustan Unilever, Greenpeace and ITC in Hindustan Unilever, ITC Infosys, TCS, Wipro, HCL Technology and Bharti Airtel, Bajaj Auto, H Motakorpa Row, Titan company, ONGC, including levalie hit a record high of 1564.13 points at 30099.91 jump higher. Which came back from a high rise to a low of 29096. After the central government announced a package of Rs.1.70 lakh crore, further clarification and indication for the package to be announced for the industry, again rose to 1,310.99 and eventually closed at 1410.99 points at 29946.77.

Nifty Spot Intra-Day 8700 Surface Jumps: 8749 and 8304, up 324 points at 8641

The NSE's Nifty spot fell to the low of 8304.90 after opening at 8451 heading against the previous closing 8317.85. Banking-finance stocks include Aggressive Bank, Kotak Mahindra Bank, Bajaj Finance, Bajaj Finserv, HDFC Bank, HDFC Ltd, and Hindustan Unilever, ITC, Brittany, Brent, India Short Cover with Infosys, TCS, Wipro in IT stocks with MotoCorp, Bajaj Auto, ONGC Networking and Grasim, Cipla, Eicher Motors, Titan, including the attraction of 8700 reached 8749.05 Upward surface skipped a stage. Which came back from a high rise to a low of 8462. Which again closed at 8641.45 with a jump of 323.60 points, crossing 8725 at the offensive boom.

March Nifty Future 8686 Settle: April Nifty Future rises from 8362 to 8641

The march trend in derivatives ended today with a huge short coverings at the end of the trading session. The Nifty March Future opened at 8,866.45 against a working volume of Rs 19,796.69 crore in 3,06,174 contracts, reaching Rs 8,885.55 and settling at 8,680.50. The Nifty April futures closed at 8,503.50, down from 8,503.50 against a high of 8,362,20 against a working of Rs 19,566.78 crore in 3,05,044 contracts.

Bank Nifty up 20,248 from April 18,407 to 19,380: March futures up 18,487 to 19,621 settlements

Bank Nifty March Futures settled at 20,279.80 and 18,335 at the bottom, opening at 18,700 headlines against 18,487 working out of Rs 10,243.48 crore in 2,62,278 contracts. Nifty April futures closed at 18,649.95 headline against 18,047.95 at Rs 5247.57 crore in 1,35,134 contracts and ended at 20,248 and up 19,380.

Huge short cover in banking stocks: IndusInd Bank, Federal Bank, Kotak Bank, HDFC shares rose

Funds today did a huge short cover in banking stocks. The BSE Banks index closed at 22,747.08 with a jump of 1425.37 points. IndusInd Bank rose by Rs. 135.75 to Rs. 436.95, Federal Bank increased by Rs. 3.50 to Rs. 41.85, Kotak Mahindra Bank rose by Rs. 98.85 to Rs. 1389, HDFC Bank from Rs. 57.85 to Rs. 913.40 and Axis Bank to Rs. , ICICI Bank increased by Rs 14.85 to Rs 332.

Bandhan Bank jumped by Rs61 to Rs.215: Shriram Transport, LIC Housing, CRISIL, Bajaj Finance.

Finance stocks were also valuing funds with huge short cover today. Bandhan Bank increased by Rs 61 to Rs.215.65, Max Financial jumped by Rs. 69.35 to Rs. 425.50, Shriram Transport Finance increased by Rs. 84.90 to Rs. 652.50, HDFC Life increased by Rs. 43.55 to Rs. 477.30, ICICI Securities to Rs. 24.48. , Bajaj Holding increased by Rs.150.80 to Rs. Equitas increased by Rs.320 to Rs41.50, HDFC AMC from Rs.106.20 Dhine .2146.25 Rs, Rs .618.20 .31.60 crore, SBI Life, HDFC Ltd was Rs .106.35 Rs .1749.

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