it has been a succession of good days for the Indian markets as Equity indices finished higher for the fourth session straight on Monday. The benchmark being BSE Sensex rising almost 400 points which were led by gains in the IT and financial stocks.
BSE Sensex and BSE Nifty
Sensex closed on 399 points or 1.08 per cent higher at 37,419. On the other hand, the broader NSE Nifty soared 120 points or 1.11 per cent to finally close at 11,022.
The top players in this surge include key companies like Infosys, Bajaj Finance, Tech Mahindra, HCL Tech, Bajaj Finserv, HDFC bank and ICICI Bank. These have basically stocks rising as much as 4.26 per cent.
Those on the losing end
There were certain losers at the end of the day too. Sun Pharma, NTPC, L&T, Kotak Bank and Maruti ended up being on the loser board for the day falling up to a 3.83 per cent.
Experts suggest that strong first quarter results from IT companies may have impacted the domestic market sentiments. However, that cannot be said about global markets as they will remain cautious amid the whole spurt in Coronavirus cases worldwide.
Trading in the times of Corona
While markets and stocks face immense challenge during the pandemic, there is hope that the markets will bounce back in the future, once the consequences of the pandemic begin to fade away.
There are various industries that have taken a huge hit in the last couple of months and the markets are estimated to flourish full scale only when these industries contribute to the national economy.