India markets closed

Sensex Ends 522 Points Higher, Bajaj Finserv Shares Surge

Sunil Fernandes

Benchmark indices surged in trade with Bajaj Finance and Bajaj Finserv seeing a sharp rally in their share prices. Global cues were extremely strong with the German DAX trading more than 3 per cent higher and most Asian markets closed the day with strong gains.

The market continued to see buying on opening-up of the lockdown of the country. Agriculture is also expected to get a boost with the monsoon arrival ahead of time, aiding strong hope that production could remain strong this year too.

The Sensex ended the day higher by 522 points with the Nifty ending the day higher by 152 points at 9979 points. The Nifty is now just 20 points away from re conquering the 10,000 points mark once again.

Among the losers in trade were Coal India, BPCL, Maruti, ITC and Hero Moto Corp. Shares in Adani Green Energy gained ground after the company said that all its solar and wind plants have been operating at full capacity through the lockdown.

Shares in Strides gained ground after the company's wholly-owned subsidiary in Singapore, received the U.S. FDA approval for the Triamcinolone Acetonide Ointment from the U.S. FDA.

Meanwhile, the rupee ended the day stronger by 25 paise at 75.35 to the dollar.

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