BUSINESS

Sensex snaps 2-day losing streak; rises 232 points

Source:PTI
May 06, 2020 16:07 IST

M&M was the top gainer in the Sensex pack, rallying over 5 per cent, followed by Bajaj Finance, HDFC Bank, ICICI Bank, Bharti Airtel and Hero MotoCorp.

NSE Nifty rose 65.30 points, or 0.71 per cent, to finish at 9,270.90.

Equity benchmark Sensex ended 232 points higher after a see-saw session on Wednesday, led by gains in banking, finance and auto stocks despite rising concerns over the country's economic outlook as COVID-19 cases spike.

After swinging over 800 points during the day, the 30-share index closed 232.24 points or 0.74 per cent higher at 31,685.75.

 

On similar lines, the NSE Nifty rose 65.30 points, or 0.71 per cent, to finish at 9,270.90.

M&M was the top gainer in the Sensex pack, rallying over 5 per cent, followed by Bajaj Finance, HDFC Bank, ICICI Bank, Bharti Airtel and Hero MotoCorp.

On the other hand, ITC cracked over 5 per cent. HUL, TCS, Titan and Infosys too ended in the red.

According to traders, economic uncertainty due to the COVID-19 pandemic, muted corporate earnings and weak macroeconomic data are keeping investors wary.

Photograph: Danish Siddiqui/Reuters

Source: PTI
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