The stock market closes with gain in the first trading session of the week of the relaxation in lockdown. In today’s trade, the Sensex gained 879 points to close at the level of 33303 points, whereas the Nifty closed at the level of 9826 with a gain of 246 points. Today all the sectors of the market have closed with an increase, whereas during trading, the Nifty rose by a maximum of 351 points to the 9931 level, while the Sensex gained 1250 points to reach the day’s high of 33674.
The government has put forth its plan to end the lockdown, accordingly, the sector that supports the economy will be given more leeway. With this, traders are hopeful that economic activity will soon see a boom and those activities in infection-free and controlled areas will reach pre-epidemic levels. Though concerns are rising with the increasing cases of infection, but expectations also remain from the recovery rate. Government banks have seen the biggest increase in today’s business, the sector index has closed with a sharp increase of 7.57 percent. On the other hand, the entire banking sector, auto sector and metal sector index closed up more than 3-3 percent.
The 40 Nifty stocks closed at higher rate today, there were 18 stocks included in the index which outperformed the Nifty in terms of returns i.e. 18 stocks gained more than the Nifty gain of 2.57%. Bajaj Finance was up 10.4 per cent, Bajaj Finserv 7.83 per cent, Titan 7.7 per cent, Tata Steel 6.74 per cent and M&M 5.67 per cent.