Closing Bell: Sensex zooms on global market sentiments

The benchmark indices rebounded and closed today’s trading session with flying colours. S&P BSE Sensex jumped 479 points to close at 38,623.70 levels, up by 1.26 points while, Nifty ended at 11,303.30 levels, up by 1.53 per cent.

The markets traded in positive numbers today due to the talks of relief measures by major economies. A conference call held by a group of seven Finance Ministers (G-7) seemed to have boosted market sentiments seen during Tuesday’s trading session.

The development was also a reaction to the statement made by Reserve Bank of India (RBI) in which the central bank said that the volatility in markets is due to Coronavirus. RBI stated that it is closely monitoring the financial markets and informed that necessary steps would be taken to ensure its orderly functions, maintain market confidence as well as preserve financial stability.

The top five gainers of S&P BSE Sensex are: Sun Pharma-up by 6.64 per cent, Tata Steel-up by 6.43 per cent, ONGC-up by 4.71 per cent, UltraTech Cement-up by 4.67 per cent and NTPC-up by 4.23 per cent.

S&P BSE Mid-cap closed at 14,763.64 levels, up by 1.79 per cent while S&P BSE Small-cap closed at 13,773.63, up by 1.25 per cent. The top three gaining small-cap stocks are Indoco-up by 19.99 per cent, KEI-up by 12.15 per cent and Tata Elxsi-up by 10.44 per cent.

S&P BSE Metal, S&P BSE Power and S&P BSE Utilities are the top three sectoral indices which are up by 5.67 per cent, 3.99 per cent and 3.93 per cent, respectively.