The news for the stock market today: Nifty50 closed above 8300, Sensex gained 1862 pts

 

The news for the stock market today at 3.30 pm: After a volatile trading session in the morning, the Indian stock market has extended its early gains and closed in a positive note. On the global front, Asian Market closed 3-5% higher today whereas the European market is trading almost 4% higher.

In the end, the Nifty50 closed at 8297.80 up by 496.75 points or 6.37% while Sensex was up by 1861.75 points or 6.98% and closed at 28535.78. The Bank Nifty zoom 1441.70 points or 8.43% and closed at 18549.

The Nifty midcap100 index gained 371.20 points or 3.34% and at 11481.60. Whereas the Nifty smallcap 100 index was up by 101.90 points or 3.05% and closed at 3441.55.

 

Stock market news for today: Gainers and Losers

The top gainers in the Nifty50 stocks for the day are Reliance, HDFC Bank, Kotak Mahindra Bank, UPL, and Maruti Suzuki. The losers in the Nifty50 stocks for the day are Yes Bank, IndusInd Bank, IOC, Coal India, and Wipro.

In the Nifty midcap space, the gainers for the day are Manappuram Fin, Muthoot Finance and the losers are AU Small Finance, Cummins. In the Nifty smallcap space the gainers are NIIT Tech, Linde India and the losers for the day are Lemon Tree Hotel, CESC.

Among the sectors, the top gainers for the day are Banking & Finance, Insurance, Infrastructure, Oil & Gas, Telecom and Retails. All these sectors closed between 4-12% higher today. On the losing side, Hospitality, Logistics, and Paper are closed in red today.

   

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The news for market today: The Indian stock market made a positive start on Wednesday tracking gains in global markets. After a few minutes of trading market turns volatile and erased out all gains to trade in red with losses of around half a percent each in early trade. 

This is due to the Indian government had announced a complete lockdown across the country for 21 days to stop the spread of fast-spreading novel coronavirus. The nationwide lockdown came into effect on March 24 midnight and will continue until April 14, 2020. The government has assured the availability of essential services these 21 days which also includes Stock market trading

 

The news for market today Sensex and Nifty50

At 11.30 am the Nifty50 is trading at 7873.80 up by81 points or 0.95%   points while Sensex gained 318 points or 1.15% % and at 26973. The Bank Nifty gained 41.50 points or 0.24 % and at 17148.70           

Among the sectors, at 11.30 am Insurance, Oil & Gas, Retail, and Telecom sectors are gaining 2-4% whereas Manufacturing, Logistics, Infrastructures are down between 2-5% at this point in time.

The midcap and smallcap 100 indexes are trading marginally lower today, it’s down by 0.14% and 0.51% from yesterday’s close.

On the global front, Asian markets are trading higher today

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