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Sensex surges by 572.91 pts during week

Sensex surges by 572.91 pts during week

India Blooms News Service | @indiablooms | 11 Jul 2020, 01:08 pm

Mumbai/ UNI: Extending rally for the fourth consecutive week, the BSE Sensex zoomed up by 572.91 points or 1.59 per cent at  36,594.33 on strong global peers as investors focused on the prospect of economic recovery and progress on potential coronavirus drugs.

The Nifty gained 160.70 points or 1.51 per cent to settle at 10,768.05.

Though the market remained volatile during the week, it managed to kept it's rally intact.

The BSE Mid-Cap index advanced 108.13 or 0.81 per cent to settle at 13,396.83. BSE Small-Cap index added 200.76 points or 1.59 per cent to settle at 12,803.78 on Monday, tracking positive global cues. Sensex rallied 465.86 points to settle  at 36,487.28. Nifty surged 156.30 points to settle  at 10,763.65.

On Tuesday, Sensex gained 187.24 points to settle at 36,674.52. Nifty added 36 points to settle at 10,799.65.

On Wednesday, snapping a five-day rising streak. Mixed global triggered profit booking in domestic shares. Sensex tumbled 345.51 points to settle at 36,329.01 and Nifty lost 93.90 points to settle at 10,705.75.

On Thursday, the BSE Sensex jumped 408.68 points to settle  at 36,737.69. Nifty climbed 107.70 points to settle at 10,813.45.

On Friday, the BSE Sensex lost 143.36 points to settle at 36,594.33. Nifty fell 45.40 points to settle at 10,768.05.

HDFC Bank advanced 2.90 per cent. The private sector lender said its advances grew 21 per cent while its deposits rose 25 per cent, on year-on-year (Y-o-Y) basis, as on 30 June 2020. CASA ratio stood at around 40 per cent as of 30 June.

IndusInd Bank surged by 10.65 per cent. The bank said its net advances rose by four per cent to Rs 2,00,357 crore in Q1 June 2020 from Rs 1,93,520 crore from Q1 June 2019.

Bajaj Finance surged 13 per cent. The company's asset under management (AUM) under moratorium reduced to about 15.5 per cent as of 30 June from 27 per cent in April.

Reliance Industries (RIL) jumped 5.09 per cent. Jio Platforms, a subsidiary of RIL, on July 7 received the subscription amount from Jaadhu Holdings, LLC (a wholly owned subsidiary of Facebook Inc).

Jio Platform has allotted equity shares to Jaadhu Holdings following which it holds 9.99 per cent of the fully diluted equity share capital of Jio Platforms.

Maruti Suzuki India gained 0.42 per cent.

Tata Steel rose by 2.62 per cent, State Bank of India soared by 5.90 per cent, TCS rose by 1.03 per cent. Tata Motors advanced by 3.96 per cent and HDFC edged higher by 0.02 per cent.

ICICI Bank fell by 0.18 per cent. The private lender on July 8 said that it would raise up to Rs 15,000 crore via share sale.

GAIL (India) slipped 2.34 per cent  and Tadani Ports and Special Economic Zone (APSEZ) also dropped by 6.91 per cent.