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Share Market Today 20 April 2020: Stock market begins with a boom in pre-opening

share market today
share market today

Share Market Today: The stock market has started positively in pre-opening. Locked down conditions have been relaxed with conditions in low-impact areas of the corona virus. After this, the Sensex gained 414 points to 32,069 at 9.06 am.

At the same time, the Nifty gained 273 points and closed at 9266. Earlier on Friday, the 30-share BSE Sensex closed up 986.11 points at 31,588.72. The NSE Nifty also gained 273.95 to close at 9,266.75.

On Friday, another package was announced by the Reserve Bank for the disastrous economy due to the corona virus. This had a direct impact on investor perception and the market. Apart from this, positive signals from international markets also gave momentum to the market.

Investors’ perception has been strengthened by reports of a drug found effective in the treatment of corona in the US. Axis Bank was the top gainer of the Sensex with a gain of 13.45 percent. Shares of ICICI Bank, IndusInd Bank, Maruti, TCS and Kotak Bank also saw a surge.

The announcement of raising Rs 8,500 crore from non-convertible debentures (NCDs) led to the rise in Reliance Industries shares. Better than expected quarterly results were instrumental in TCS’s boom. On the other hand, shares of Nestle India, HUL, Tech Mahindra and Sun Pharma declined.

At the start of trading on Monday, the rupee was at 76.45 against the dollar. Earlier on Friday, the rupee had gained against the dollar. The rupee had closed at 76.39 per dollar with a gain of 48 paise. On a weekly basis, the rupee has lost 12 paise against the dollar last week.

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