A sharp drop in daily Covid-19 cases perked up bulls on Dalal Street on Monday as investors hoped for a sooner-than-expected taper down of the second wave
India VIX eased nearly 3 per cent to 20.23 levels
The benchmark Nifty50 shut shop at 14,823 levels, up 98 points. On the BSE, the 30-share Sensex index closed 257 points higher at 49,206 levels
Tata Steel, Hindalco, JSW Steel, Adani Ports, SBI Life, M&M, and HDFC were the top Nifty gainers
Bajaj Auto (up 2.5 per cent) closed the session as the top index performer, followed by HDFC, Tech Mahindra, Infosys, ICICI Bank, Nestle India, and Kotak Mahindra Bank
The benchmark S&P BSE Sensex swung within a band of 400 points, hitting a high and low of 49,011 and 48,614 levels, respectively
The RBI's well guarded measures which, analysts believe, are tuned to the evolving situation may support the economy going forward
RBI announced a Covid-19 healthcare package of Rs 50,000 crore for vaccine makers, medical equipment suppliers, hospitals and patients in need of funds.
On the NSE, the Nifty50 gave up the psychological level of 14,500 and closed at 14,496-mark, down 138 points or 0.94 per cent. Earlier in the day, it hit a low of 14,461.
Nearly 35 of the 50 constituents on the index ended the day in the red including Tata Consumer Products (down 4.3 per cent), Cipla, Reliance Industries, Dr Reddy's Labs, and Hindalco Industries
The S&P BSE index hit a low of 48,028 in the opening deals but rose swiftly through the day to touch a high of 48,863 in the late noon deals
SBI Life (up over 5 per cent) settled the day as the top Nifty gainer, trailed by Bharti Airtel, Adani Ports, Tata Steel, HUL, Asian Paints, and Maruti Suzuki
On a weekly basis, both the frontline indices snapped their 3-week losing streak and added around 2 per cent higher each
Sensex ended close to the day's low at 48,782, down 984 points with only five constituents in the green. Meanwhile, its NSE counterpart Nifty declined 264 points to shut shop at 14,631
The BSE barometer Sensex gyrated 840 points to end the day at 49,767 up 32 points. The index had surpassed 50,000 mark in intra-day session and touched day's high at 50,375
Among key sectoral indices, robust global demand lifted the Nifty Metal index to record peak of 4,869 on the NSE today
The BSE flagship index Sensex ignored a weak set of global cues and risks arising from Covid-19's second wave to surge 790 points to 49,734
CLSA opines that the surge in Covid cases in Maharashtra may taper in May as the state is in its fourth-month of the second wave. This, it believes, will be positive for the markets
BSE Sensex settled close to day's high at 558, up 48,944 points amid across the board buying. It had touched an intra-day high of 49,009
Hindalco, L&T, Tata Steel, Divis Labs, Reliance Industries, Bajaj Finance, and SBI were the top gainers on the 50-share pack