Sensex jumps 424.04 pts

Mumbai, May 5 (FN Agency) Snapping a losing streak of last three sessions, the BSE Sensex on Wednesday advanced by 424.04 pts to close at 48,677.55 following gains in Health Care, Metal, IT, Bankex and Materials stocks. Even, the announcement by RBI to tackle the pandemic too boosted the same. The Nifty too rose by 121.35 pts to 14,617.85. Domestic market edged up boosted by pharma and financial stocks following RBI Governor’s announcement and positive global markets. While reassuring RBI’s policy aid, the Governor announced an array of support to the Covid-hit sectors through restructuring schemes and liquidity measures. Sliding 1511 pts in last three sessions, the BSE Sensex rose 316 pts to open at 48,569.12.

During the day it surged 489 pts to 48,742.72, days high, before closing at 48,677.55, up by 424.04 pts from its previous close. The sensex registered days high and low at 48,742.72 and 48,254.32 pts respectively. The Nifty recorded days high and low at 14,637.90 and 14,506.60 pts respectively. The sectoral indices include Health Care, Metal, Materials, IT and Bankex increased. In scrips, a support was got from Sun Pharma, Kotak Bank, Axis Bank, IndusInd Bank and ICICI Bank. The Mid Cap was moved up by 1.05 pc and Small Cap by 0.77 pc. In 30 scrips, 26 advanced, 3 declined while one remained unchanged.