Indian markets were seen with an increase in the business of yesterday. The Sensex and the Nifty managed to close well. The Sensex had a jump of over 690 points and the Nifty closed with a gain of 190 points to cross the 7800 mark. The 21-day lockdown has been implemented in the country but BSE had yesterday made it clear that the stock market will continue to operate.
In today’s trading, the 30-share index of the BSE opened below the Sensex and was trading at 27,191.26 after gaining 517 points within 5 minutes of opening. Apart from this, the 50-share index Nifty of the NSE was trading at 7944 after opening 1465 points, or 1.35 per cent, after opening down about 65 points.
The Nifty was down by 200 points in the pre-open and it was also showing a rise of 70 points, ie the pre-open market saw volatility as the Sensex was showing a gain of 500 points after opening in the red mark. There were no clear indications for the beginning of the market from pre-open trade.
Today, Asian markets also appeared to be trading at a fast pace and Japan’s Nikkei was trading above 5 percent in the morning. Apart from this, other Asian markets also appeared to be trading with an edge. Hangseng saw a growth of 2 percent, Straight Times 2 percent and Taiwan index 4 percent.
Record rise in US markets
Yesterday saw a record rise in the US markets and there was a spectacular 11 percent jump in the US market. Due to this, Dow Jones saw a spectacular increase of 2100 points, which was the biggest increase in a day according to the increase of the points.
Currency market closed
Today, currency markets are closed on the occasion of Gudi Padwa and due to this there will be no business in the rupee. The rupee closed at 75.88 after gaining 34 paise in yesterday’s trade.