Sensex, Nifty open higher led by Reliance Industries, Bajaj Finance

Reliance Industries soared 8%, followed by Nestle and Bajaj Finance, which climbed 6%, Tech Mahindra and HDFC Bank gained 3% each, however, IndusInd, Axis Bank, L&T and Asian Paints were in the red on the Sensex.

Mar 25, 2020 03:03 IST India Infoline News Service

Sensex Up
Equity benchmark indices opened higher for the second straight day tracking global cues. On Tuesday, PM Narendra Modi called for a nationwide lockdown starting midnight. The duration of the lockdown will be 21 days.

PM Modi said the 21-day lockdown was necessary to break the chain of the COVID-19 virus, adding that social distancing is the only option to combat the virus outbreak.

Reliance Industries soared 8%, followed by Nestle and Bajaj Finance, which climbed 6%, Tech Mahindra and HDFC Bank gained 3% each, however, IndusInd, Axis Bank, L&T and Asian Paints were in the red on the Sensex.

The Sensex rose up 353 points or 1.32% at 27,027.12, and the Nifty climbed 97.55 points or 1.25% at 7898.60. About 243 shares have advanced, 348 shares declined, and 35 shares are unchanged.

Meanwhile, Asian markets extended their gains on Wednesday as the US Congress appeared to be close to a deal on a roughly US$2 trillion stimulus package to battle the coronavirus, which set off a historic surge in US equities.

Related Story