Bulls unlocked! Sensex zooms 879 points, Nifty crosses 9,800

Mumbai, June 1

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Market benchmark index Sensex on Monday rallied 879 points on heavy buying in financial, FMCG and energy stocks as the government starting the process to unlock the economy boosted investor sentiment.

Positive cues from the global markets also helped the key equity indices extend gains for the fourth session in a row.

After skyrocketing 1,250 points during the day, the 30-share BSE Sensex settled 879.42 points higher at 33,303.52. The NSE Nifty surged 245.85 points to finish at 9,826.15.

Bajaj Finance was the top gainer in the Sensex pack, rising around 11%, followed by Titan, Tata Steel, SBI, M&M, HDFC, IndusInd Bank and Reliance Industries.

On the other hand, Sun Pharma, Nestle India and UltraTech Cement were among the laggards.

All sectoral indices ended on a positive note with BSE consumer durables rallying 6.56%, followed by metal, finance, bankex, energy, auto and realty indices.

“Domestic shares zoomed at opening and stayed strong throughout the day as investors ignored fourth-quarter GDP data and reacted positively to the government’s decision to come up with a phased re-opening of all activities outside containment zones beginning June 1,” Paras Bothra, president of Equity Research, Ashika Stock Broking, said.

Positive sentiments also supported after US President Donald Trump stopped short of specifying tough sanctions over China’s new national security law for Hong Kong and Chinese PMI data showed fresh signs of economic recovery, he added. — PTI

Bajaj Finance top gainer

• Positive cues from the global markets also helped the key equity indices extend gains for the fourth session in a row
• After skyrocketing 1,250 points during the day, the Sensex settled 879.42 points higher at 33,303.52
• Bajaj Finance was the top gainer in the Sensex pack, rising around 11%, followed by Titan, Tata Steel, SBI, M&M, HDFC, IndusInd Bank and Reliance Industries

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