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Investors gain Rs 3 lakh crore after PM Modi announces Rs 20 lakh crore COVID relief package

Investors gained almost Rs 3 lakh crore today when Sensex opened more than 1,000 points higher on the stimulus package of Rs 20 lakh crore announced by the Modi government to support the economy affected by the coronavirus.

Market capitalization on BSE rose to Rs. 125.44 lakh crore today compared to the previous session's market cap of Rs. 122.69 lakh crore. This increased the market cap by Rs. 2.75 lakh crore. While the Sensex opened 1110 points higher, at 32,841, Nifty gained 388 points to 9,584. Out of 30 Sensex stocks, 26 were trading in green. On Nifty, 44 were trading in green.

Investors gain Rs 3 lakh crore after PM Narendra Modi announces Rs 20 lakh crore Covid relief package

However, Sensex continues to drop 22% or 9,072 points since the beginning of this year. Likewise, Nifty has lost 22.25% or 2,707 points during the same period as the coronavirus crisis roiled global markets since February this year.

Meanwhile, ICICI (6.75%), Larsen & Toubro (6.16%), Axis Bank (5.50%), and Hero MotoCorp (5.09%) were Sensex's main gainers. On Nifty, ICICI Bank (6.69%), Larsen & Toubro (6.43%) and M&M (5.84%) were the main gainers.

At BSE,  127 stocks reached his upper circle versus 83 touching his lower touch. A total of 16 stocks  reached 52-week highs against 17, reaching their lowest level in 452 weeks.

Mid-cap and small-cap indices trading over  1%  higher at 11534 and 10718 on BSE. Banking and capital goods stocks led the gains, with BSE bankex rising 947 points to 22,519.

BSE capital goods index too gained  445 points to 11,573 points. The auto index climbed 400 points to 13,287.  

Also Read: Reliance Industries Limited to raise $1.5 billion abroad

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