Indian benchmarks cooled off from the highest point of the day but ended with healthy gains in today's trading session.
The S&P BSE Sensex ended 3.62 percent higher at 29,468. For the month, the index posted losses of 23 percent, its worst ever fall in the month of March.
The NSE Nifty 50 index too cooled off the day's high, ending the day with gains of 3.82 percent at 8,597. For the Nifty too, this was the worst ever decline in March, posting losses of 22 percent. Only four Nifty constituents reported monthly gains.
All sectoral indices ended off their day's high but managed to report gains, led by the FMCG and Metal index.
1,305 number of stocks ended the trading day with gains while 472 ended with losses.
Gautam Shah does not expect much upside on the Nifty from current levels.
— BloombergQuint (@BloombergQuint) March 31, 2020
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Nifty Bank: April 1 Expiry
Here is a look at how indices across Europe are faring:
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Buyers and sellers in all the four large trades were not immediately known.
The stock trades 2.1 percent higher at Rs 83.50 on the National Stock Exchange.
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The stock is now up 43 percent in the last five sessions, bouncing from its 52-week low of Rs 68.95 on March 24.
Nifty Bank: April 1 Expiry
15 out of the 18 analysts tracked by Bloomberg, have a ‘buy’ recommendation on the stock. Return potential of the stock as per Bloomberg now stands at 62 percent.
Shares currently trade 15.3 percent higher at Rs 547.85.
Shares are down 5 percent to an all-time low of Rs 78.30. The stock is down for the 18th day in a row, its longest ever losing streak.
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The NSE Nifty 50 index too opened with gains of 3 percent at 8,529. The 50-stock index is now up for five out of the last six trading sessions. All but one stock on the index opened with gains.
All sectoral indices have opened with gains. Auto, Metal, Pharma and Realty indices are up over 2 percent each.
1,113 stocks have opened with gains while 295 stocks have opened with declines.
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