After PM’s Announcement, Sensex Rises By Over 600 Pts at Closing
Prime Minister Narendra Modi announced an economic package of Rs 20 lakh crore on Tuesday.
During the closing bell, BSE Sensex jumped 668 points to close at 32,039, while NIFTY 50 rose by 196 points to close at 9,393.05 at 3:21 pm on Wednesday, 13 May.
Earlier in the opening session, Sensex rallied 1,474.36 points to 32,845.48, while Nifty soared 315.85 points to 9,512.40, a day after Prime Minister Narendra Modi announced an economic package of Rs 20 lakh crore and said the fourth phase of the lockdown would be different from the other phases.
Both the benchmark indices registered two days of losses on Monday and Tuesday. But all constituents of the Nifty 50 opened with gains.
Among sectoral indices, the Nifty Bank opened 6 percent higher as did the Nifty PSU Banking index. Nifty Auto, Nifty Metal and Nifty Realty opened with gains between 4.5-5.5 percent.
As many as 1,258 stocks on the NSE opened with gains, while 165 opened with losses, keeping the market breadth firmly in favour of the advances.
(With inputs from BloombergQuint and PTI.)
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