Stock market recovery: Sensex rises 453 points, IT stocks improve

The Indian stock market closed with a recovery on Tuesday after Monday’s big crash. The Sensex closed at 46,006.69, up 452.73 points or 1 per cent. The Sensex was trading at 968 points during today’s session. Similarly, the National Stock Exchange Nifty closed 137.90 points or 1.03 per cent higher at 13,466.30.

25 out of 30 blue chip stocks of the Indian stock market benchmark Sensex and 43 out of 50 stocks of the Nifty-50 index closed higher. Shares of HCL Tech, Tech Mahindra, Infosys, Sunpharma, Powergrid and Nestle India rose 2.3 per cent to 5 per cent today. On the other hand, shares of Indind Bank, Reliance Industries, HDFC, Bajaj Finance and Kotak Mahindra were the top-file loser stocks. Today, 1514 stocks rose on the BSE while 1410 stocks closed in the red zone. Today, the market cap of BSE was Rs 180.76 lakh crore.

Currently, the world is again afraid of Corona’s new virus strain and its direct effect is being seen in the global financial markets. Pharma companies, meanwhile, have claimed that Corona virus juice will also affect the strain. Currently, most cases of this strain are reported in London and the south-east of England. As a result, many countries, including Europe and India, have suspended flights to London.

In addition, the United States has announced another રાહ 900 billion economic stimulus package to stabilize the economy, which is expected to support global stock markets.

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