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Market LIVE: Sensex ends 1,400 pts up, Nifty above 8,600; HDFC, IndusInd Bank lead; FM unveils relief package

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Sensex, Nifty

Share Market News Today | Sensex, Nifty, Share Prices LIVE: Continuing the bull run from last three days, domestic equity market benchmarks Sensex and Nifty ended nearly 5 per cent higher on Thursday after the Union Finance Minister Nirmala Sitharaman announced Rs 1.7 lakh crore relief package to aid the economy amid coronavirus. S&P BSE Sensex ended 1,411 points or 4.94 per cent higher at 29,946, while the broader Nifty 50 index settled at 8,653, up 336 points or 3.89 per cent. As many as 26 stocks out of 30 Sensex stocks finished trading in a positive territory. IndusInd Bank was the top Sensex gainer throughout the day, gaining 45 per cent, followed by LT, Bharti Airtel and Bajaj Finance. On the flip side Maruti, Tech Mahindra, Sun Pharma and RIL were the top Sensex laggards. All the Nifty sectoral indices ended in green. Nifty Private Bank index was the top gainer, up 8.27 per cent led by IndusInd Bank, Bandhan Bank and Federal Bank. Similarly, Nifty Realty index jumped 7.28 per cent driven by gains in DLF, Brigade Enterprises and Prestige Estates Projects.

Union Finance Minsiter Nirmala Sitaraman in her press conference at National Media centre, announced a slew of measures such as cash transfers to poor and migrants, medical insurance and food scheme. FM Sitharaman has also announced Rs 50 lakh medical cover per person for the government’s sanitation workers, ASHA workers, doctors, paramedics, others, if they need it. The scheme likely to benefit 20 lakh such workers.