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Image credit : UNI

Indian Market: Sensex ends up by 62.45 pts

| @indiablooms | Mar 11, 2020, at 07:19 pm

Mumbai/UNI:  Snapping a losing streak of last two sessions, the BSE Sensex on Wednesday rose marginally by 62.45 points to end positive at 35,697.40, after a volatile session on fresh buying in Reliance Indusries, ICICI Bank, Hind Unilever and L & T stocks, despite a weak Asian Market.

However, the Nifty of National Stock Exchange (NSE) fell by 2.55 points to 10,448.90.

Despite the bounce back in the crude prices so far in the week, the investors remained wary of the ongoing price war between Saudi Arabia and Russia.

High volatility was seen during the day. Slumping by 2834 points in last two sessions, the Sensex opend in red only at 35,468.90, down by 166 points. It lost by 373 points to 35,261.92 day low.

In was went up by nearly 397 points to 36,021 pts, day high before closing at 35,697.40, rising by 62.45 pts from its last close.

The sectoral indices include Energy, Telecom, Capital Goods and Bankex came to the rescue while in scrips, HeroMoto Corp, Reliance Industries, ICICI Bank, Hind Unilever too supported the market to end positive, the broker informed.

However, selling in Realty, Oil and Gas, IT and Technology capped from further gain, he said.

The broader market under-performed. The S&P BSE Mid-Cap index fell 0.89 per cent, while the S&P BSE Small-Cap index slipped 0.36 per cent.

The market breadth was weak. On the BSE, 1051 shares rose and 1426 shares fell. A total of 166 shares were unchanged. In Nifty 50 index, 20 stocks advanced, while 30 declined.

Asian markets fell across the board on Wednesday, as investors continue to track developments around government stimulus with the Novel Coronavirus continuing to spread. 

(Image credit : UNI)

 

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