Value benchmark Sensex rose more than 222 points on Thursday, floated by gains in energy, finance and power stocks regardless of weak signs from worldwide markets. At starting of the session with 784 points high intra-day, Sensex settled with 222.80 or 0.73 % higher at 30,602.61. So as, the NSE Nifty finished with 67.50 points, or 0.76 % up at 8,992.80.
Top Gainers for Sensex and Nifty
Top gainers in today’s market were NTPC Limited (6.90%) with 96.10/- followed by Vedanta Limited (5.15%)and Hindalco (5.13%). ICICI bank and Titan also were also among the list with gain of 4.73% and 4.20% respectively. Nifty Media Index also saw a jump of 2.49%.
Financial Companies like India bulls Housing Finance Ltd. (16.08%) and L&T Finance Holding Ltd (13.32%) were also some top gainers in Sensex trading.
Top Losers: Sensex and Nifty
This list was topped by HCL Technologies Limited (-3.96%) followed by Tech Mahindra Ltd. with -3.79%. Other loss bearers were Kotak Mahindra and Bharti Airtel with -3.30% and -2.26%.
Out of 50 stocks in Nifty index, 39 traded at 39 and 11 in red.
FII/FPI and DDI
FII/FPI were net valued at -2920.36 as on 16 April, 2020 and DII net trading ended at a positive of 1321.44. Sensex and NIFTY were bullish despite the high foreign investment withdrawal.
Crude Oil Consumption: A Setback
Oil costs rose on Thursday, apparently on the reason that out in this world, US inventories may compel further production cuts onto the market. OPEC quotes “Oil market going into historical shock”.
Information on Wednesday demonstrated a record, 19.2-million-barrel surge in stores of crude oil when the market was searching for a rise of a little under 12 million. In any case, costs stay near twenty-year low as the market expects further reductions owing to Coronavirus pandemic.
Coronavirus and Lockdown Impacts Gold
Gold costs were higher toward the beginning of Thursday’s Asia Pacific session as investors looked for safety in this economic crisis, but unexpectedly, a comparative drive observed the US Dollar higher and gaining additions for the metal.
As lockdown extended to 3rd May on 1.3 billion Indian people, consumption of gold hit the lowest ever in 30 years. Religious festivals and weddings which could have boosted the sales, will now be celebrated by people inside their homes.