Sensex jumps 606 points to Rs 32,720 50 paise

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(Commercial Representative) Mumbai Ta. Wednesday, April 29, 2020

Corona epidemic Europe, amid signs of a slowdown in the US, a renewed buy in foreign fund stocks and an aggressive take on local fund-mutual fund stocks for three days in a row, signaling a easing of lockdown in US countries.

For the third day in a row, the Reserve Bank of India (RBI) has announced a special Rs 30,000 crore liquidity lifeline for mutual funds. The Sensex jumped another 206.5 points today to close at 8,50.15 and the Nifty spot jumped 17.4 points to close at 4.5. Where were

The Sensex and the Nifty surged by 12.5 points and 4.5 points, respectively, on a three-day rally in local fund stocks.

The Indian rupee also strengthened by 50 paise to a three-week high of 6.5 against the US dollar.

International crude oil prices continued to rise, with Nymex crude rising by ૩ 4.21 to ૬ 17.8 a barrel and Brent crude by ૭ 2.15 to ૬૩ 6.5 late this evening. For the third day in a row, banking-finance stocks traded higher. It jumped 31.8 points to close at 9,412.5.

Foreign funds-foreign portfolio investors-FIIs were buying net worth of Rs 2.08 crore in cash today-Wednesday. Local funds-domestic institutional investors (DIIs) continued to buy stocks for the third day in a row today with a net purchase of Rs 4.5 crore in cash.

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