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(26/03/2020 09:53)

Sensex up 630 pts; IndusInd Bank surges 15%

The Indian equity markets were trading higher, lifted by banks and IT stocks, on Thursday ahead of the monthly derivative contracts expiry.

Investors were encouraged by reports that the US Senate has passed a $2 trillion coronavirus relief package while a separate report said the Indian government was likely to agree an economic stimulus package of more than Rs 1.5 trillion to fight the downturn caused by the coronavirus outbreak.

At 9:40 hours, the 30-share benchmark index was trading at 29167.07 up by 631.29 points or by 2.21 % and then NSE Nifty was at 8476.9 up by 159.05 points or by 1.91 %.

Sensex touched intraday high of 29280.38 and intraday low of 28566.34 The NSE Nifty touched intraday high of 8478.15 and intraday low of 8304.9

The top gainers of the BSE Sensex pack were IndusInd Bank Ltd. (Rs. 346.35,+14.99%), Axis Bank Ltd. (Rs. 350.65,+7.27%), Infosys Ltd. (Rs. 641.00,+5.78%), Mahindra & Mahindra Ltd. (Rs. 556.00,+5.00%), Housing Development Finance Corporation Ltd. (Rs. 1722.25,+4.79%), among others.

The top losers of the BSE Sensex pack were Maruti Suzuki India Ltd. (Rs. 4910.50,-2.46%), Oil And Natural Gas Corporation Ltd. (Rs. 60.70,-1.30%), NTPC Ltd. (Rs. 79.20,-0.63%), Power Grid Corporation of India Ltd. (Rs. 149.40,-0.50%), State Bank of India (Rs. 189.30,-0.34%), among others.

Among the sectors, TECk index was at 6389.56 up by 233.44 points or by 3.79%. Inox Leisure Ltd. (Rs. 280.00,+7.44%), TV18 Broadcast Ltd. (Rs. 14.55,+6.99%), Infosys Ltd. (Rs. 641.00,+5.78%), Mahindra & Mahindra Ltd. (Rs. 556.00,+5.00%), Bharti Infratel Ltd. (Rs. 155.00,+4.98%),.

CDS index was at 27288.96 down by -104.13 points or by -0.38%. Blue Star Ltd. (Rs. 510.30,-3.65%), PC Jeweller Ltd. (Rs. 7.90,-2.47%),.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 1379 , shares advanced were 914 while 391 shares declined and 74 were unchanged.