Benchmark indices end higher by almost a per cent amid buying
Among the sectors, barring Nifty PSU Bank, all sectoral indices ended higher.
Among the sectors, barring Nifty PSU Bank, all sectoral indices ended higher.
Sensex closed up by 328.48 points or 0.45 per cent at 73104.61, while the Nifty surged by 118.55 points or 0.51 per cent to reach 22,217.85.
Nifty 50 opened 27 points lower at 22,027.95 compared to its previous close of 22,055.20 and extended losses to as much as 234 points, or over 1%, reaching the intraday low of 21,821.05.
Sensex and Nifty 50 rebounded into positive territory, with the Sensex closing 260 points, or 0.36%, higher at 72,664.47, and the Nifty 50 finishing 98 points, or 0.44%, up at 22,055.20.
The Nifty has also nosedived nearly 850 points, from 22,794 points to 21,957 points, in the last five trading sessions.
Stocks of Reliance Industries nosedived 11 per cent in its worst single-day fall in at least 10 years as it fell to Rs 1,094.95 per share.
Asian stock market too took a nosedive today, amid panic selling by traders.
The shares of private lender YES Bank fell to the lowest in a decade on Friday after the Reserve Bank of India (RBI) superseded its board the previous day.
The Sensex ended up 61.13 points at 38,470.61 and Nifty closed at 11,258.95 high by 7.95 per cent.
Earlier in the day, Union Health Minister Harsh Vardhan confirmed that India has at least 25 positive cases of COVID-19.