Despite of Coronavirus pandemic, global sentiment was followed by a rally in Indian stock markets on the eve of Diwali festival. At the juncture of Diwali 2020, the Sensex rose 195 points to close at 43,637.98 while the Nifty rose 54 points to close at 12,774. The Sensex opened above 250 points today and rose to 300 points during trading. Similarly, the Nifty also saw an increase of over 100 points. However, the market slowed down as selling pressure eased and buying slowed.
Buying in heavy weight stocks
Auspicious deal includes heavyweights like Maruti, Tata Steel, ITC, Reliance, HDFC, Bajaj Finance, Asian Paint and Titan. All of these shares have risen in price by up to 2%. According to market sources, coroner cases have come down in the last few days and Indian markets have also turned positive as global sentiment has improved, so this Diwali is seeing an improvement.
Sold out before the market closed
However, the market rose 175 points to 43,622.31 after 7 pm on the Sensex. Similarly, the Nifty rose 55 points to 12,775.
Shares of Reliance rose only Rs 5
Shares of Reliance, one of the market’s leading stocks, traded at just Rs. 5 to Rs. Trading at 2001.85. Only 2 stocks of BSE-30 were negative when the market opened and 8 stocks were negative when the market closed.
