Market Update 28th May 2020. Market record gains for second consecutive day.
Today, for the second consecutive day Indian indices ended on higher note. When market closed, SENSEX was up by 595.37 points or 1.88%, closing at 32,200.59 and NIFTY was up by 175.15 points or 1.88%, closing at 9,490.10. The S&P BSE midcap index was up by 154.23 points or 1.34%, closing at 11,622.06 and S&P BSE Small cap increased by 150.33 points or 1.42%, closing at 10,769.34. NIFTY Midcap 100 was up by 218.70 points or 1.69%, closing at 13,129.95 and NIFTY Small cap 100 closed at 3,968.50, up by 62.90 points or 1.61%.
Global indices and commodites:
When Indian market closed, DAX was trading at 11,686.39 up by 28.70 points or 0.25%. NASDAQ was trading at 9,412.36 up by 72.14 points or 0.77% and CAC was trading at 4,710.97, up by 0.47% or 22.23 points. While, SGX Nifty was up by 177 points or 1.87% and trading at 9,460.00. Currently, Gold is trading at 46,677 up by 146 points and 0.31%, Silver is trading at 48,671 up by 281 points and 0.58%. Crude oil is trading at 2,450.00, down by 62 points or 2.47%.
At the closing time of Indian indices, USD was trading at Rs 75.74, up by 0.04% or 0.03 points. EURO was trading at 83.45, down by 0.08% or 0.07points and GBP was trading at 92.90, down by 0.09% or 0.08 points.
Today, almost all other sectors ended on a high note. The S&P BSE Auto index increased by 474.21 points or by 3.54%, closing at 13,864.74 and BSE Bankex gained 505.58 points or 2.35%. While, S&P BSE Health care was up by 9.27 points or 0.06%. When market closed, NIFTY BANK was up by 459.25 points or 2.45%, closing at 19,169.80, NIFTY IT increased by 75.70 points or 0.54%, closing at 14,028.60 and NIFTY Auto increased by 215.35 points, closing at 6,112.30. While, NIFTY fin service ganed 245.15 points and closed at 9,464.65.
Top 5 gainers:
Today, share price of Zee Entertainment increased by 16.25 points or 9.88%, closing at Rs 180.70, Eicher Motors gained 1,269.55 points or 8.48% and closed at Rs 16,236.50. Larsen shares increased by 54.65 points or 6.42%, closing at Rs 905.50. Share price of Hero MotoCorp increased by 122.45 points or 5.63%, closing at Rs 2,298.10. IndusInd Bank was up by 17.90 points or 4.85% and closed at Rs 386.85 and HDFC Bank gained by 41.60 points or 4.60%, closing at Rs 945.25.
Top 5 losers:
Today, most stocks in the top losers declined by less than 1%. Shares of Wipro declined by 1.90 points or 0.94%, closing at Rs 199.35. BPCL decreased by 3 points or 0.91%, closing at Rs 326.45. ITC shares fell by 1.50 points or by 0.78%, closing at Rs 190.65, share price of Cipla, which is declining from last few days, today fell by 4.70 points or 0.74%, closing at Rs 628.35 and JSW Steel shares declined by 0.65 points or 0.35%, closing at Rs 184.15.
Stock in news:
Most active stock by volume were stocks such as Vodafone Idea, Tata Motors, ICICI Bank, IDFC First Bank, Axis Bank, ITC, Motherson Sumi, Adani power, Tata power, BHEL and SBI. Today, most of the stocks gained as almost all the indices ended on a positive note. Eicher Motors was in news as their shares gained more than 1,269 points and closed at Rs 16,236.50. Other stock in news due to the increasing points was Hero MotoCorp. It increased by 122.45 points and closed at Rs 905.50.