Sensex Jumps 1,861 Points to 28,535; Nifty Above 8k
Sensex on Wednesday, 25 March, zoomed 1,861.75 points to end at 28,535.78 while Nifty surged 516.80 points to 8,317.85 on the first day of the nationwide lockdown announced by PM Modi to tackle the coronaavirus pandemic.
At the opening, Sensex jumped 428 points to 27,102, while Nifty rose 84 points to 7,885, as Indian equity markets opened with negative bias but turned positive within the first few trades on Wednesday, 25 March.
Sixteen out of 30 stocks on Sensex opened with gains, while for Nifty, 29 stocks opened with gains.
All sectoral insides barring the Media and PSU Banking index opened with gains. Market breadth was 1:1, with 714 stocks trading with gains while 698 stocks declined.
The market performance comes a day after Prime Minister Narendra Modi announced a 21-day lockdown starting midnight on Tuesday, which may keep the investor sentiment on the edge. The lockdown was announced in the wake of the coronavirus outbreak.
(With inputs from PTI and BloombergQuint.)