Nuhey News

We talk about the MARKET

The Sensex gains more than 600 points to close the day at 62,502 and the Nifty at 18,499

The Indian stock markets had a positive end to today’s session, as the Sensex rallied over 600 points to close the day at 62,502 and the Nifty ended at 18,499.

The Sensex had opened at 62,148, up by 379 points. It reached an intraday high of 62,562 and a low of 61,913. The Nifty opened at 18,397 and touched a high of 18,528 and a low of 18,302.

The day saw the auto, bank, media and financial services sectors leading the way and the top gainers of the day were Bajaj Finserv, Bajaj Finance, Tata Motors, SBI and Eicher Motors.

The market sentiment was positive today, supported by positive foreign institutional investors (FII) flows and the easing of the interest rate.

The overall market sentiment was also helped by reports of the government preparing to announce new measures to revive the economy, which investors believe will help improve business and consumer confidence.