Sensex jumps 997 points to 33717

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- Positive sign of covid drug trial, Chinese factory figures, US Federal Reserve maintaining zero rate ...

- IT, banking, auto, metal, oil and gas stocks rise: FPIs / FIIs buy Rs 15 crore in cash, DIIs buy Rs 5 crore in cash

(Gujarat News Correspondent) Mumbai Ta. 30 April 2020, Thursday

The April trend in derivatives ended today with a tumultuous rally in Indian stock markets. In the ongoing global fight against the corona epidemic, drug-vaccine research is reporting that the US-based Gelid company Remedisivir is healing corona patients at a faster rate of 21% and the US Federal Reserve yesterday maintained zero interest rates as well as China's factory output. With the boom in global markets, the Government of India is now packing economic stimulus Prompt stocks of public funds was also the fourth consecutive day of declines across the surface of the universal aggressively bullish the surface of Sensex 33000 and Nifty 9800. The Sensex jumped 3.6 points to 314.5 and the Nifty spot jumped 206.5 points to close at 8.30.

The Indian rupee strengthened by 3 paise to 9.11 against the US dollar for the second day in a row today. Investors' Assets in Shares: The accumulated market capitalization of companies listed on the BSE rose by Rs 2.31 lakh crore to Rs 16.5 lakh crore in a single day today. Foreign portfolio investors-FPIs, FIIs made a huge net purchase of Rs 13.50 crore in the cash segment today-Thursday. While DII-domestic institutional investors made a net purchase of shares worth Rs 3.08 crore.

Funds in IT-Software, Automobile, Banking-Finance, Oil-Gas, Metal-Mining, Consumer Durables stocks were on the rise with an aggressive rally in shares of Tata Group companies. The BSE IT index jumped 20.5 points to close at 12.05 on the back of an aggressive rally in IT-software stocks today, amid reports that the US Federal Reserve maintained a zero interest rate and the US company was successful in treating corona. HCL Technology jumped Rs 31.50 to Rs 2.50, TCS jumped Rs 104.5 to Rs 2017.8, Infosys rose Rs 2.50 to Rs 216.50, Wipro rose Rs 2.50 to Rs 150 Mastek rose by Rs 12.5 to Rs 2.50, Emphasis by Rs 2.50 to Rs 2.50, MindTree by Rs 2.50 to Rs 219.50.

China's factory output, the Purchasing Managers' Index (PMI), fell to 30.8 in April from a year earlier in March 2020, which was weaker than expected as metal-mining stocks continued to rally for the second day in a row.

Vedanta jumped by Rs 10.8 to Rs 2.50, Hindalco by Rs 13.5 to Rs 120.5, JSW Steel by Rs 15.5 to Rs 120.50, Jindal Steel by Rs 2.50 to Rs. 6.05, Tata Steel rose by Rs 12.5 to Rs 4.5.

Oil and gas stocks were bullish on the back of rising international crude oil prices, with Nymex jumping to ૬ 15 a barrel and the rupee strengthening against the US dollar. ONGC jumped by Rs 4.5 to Rs 4.5, Gail India by Rs 4.5 to Rs 4.5, HPCL by Rs 15 to Rs 20.50, BPCL by Rs 4.15 to Rs 20.5 Before the fourth quarter results were announced by Reliance Industries in the evening, the buyer jumped by Rs 20.5 to Rs 19.05.

Automobile stocks were hit hard by reports that a quick recovery in the automobile industry would be followed by a lockdown, with Tata Motors reversing 5 per cent production in Jaguar-Land Rover in China and Motherson Sumi resuming 30 per cent global production. . Tata Motors jumped Rs 13.5 to Rs 3.10, Hero MotoCorp jumped Rs 15.50 to Rs 313.50, Ashok Leyland rose Rs 2.50 to Rs 4.5, Motherson Sumi rose Rs 2.15. Rs 4.5, TVS Motor up Rs 30.5 to Rs 3.05, Maruti Suzuki up Rs 21.20 to Rs 30.50, Amarraja Batteries up Rs 20.50 to Rs 30.50, Bosch up Rs Mahindra & Mahindra rose by Rs 13.5 to Rs 2.50, Bajaj Auto by Rs 13.50 to Rs 4.5, MA F .1337.50 Rs Rs .60,520.70, Eicher Motors were .14,637.30 Rs .312.95 Rs.

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