Sensex and Nifty fall, 4 stocks including Sunpharma over green mark

Sensex got off to a poor start on Tuesday in the Bombay Stock Exchange (Sensex opening today). The main index of the stock market fell by over 450 points to open at 49,043. Stocks fell except for Sunpharma Stock Price, NetleIND Stock Price, Dr Reddy Stock Price and Powergrid. On the other hand, the start of Nifty 50 was also weak. The index opened 135 points down at 14807 points.

However, on Monday, the market recorded an increase for the fourth consecutive day. Sensex gained 296 points due to buying in pharmaceutical, power and bank stocks. The NSE Nifty also closed above the 14,900 mark. In the face of positive signs of global markets, investors did not give much attention to the concern of increasing cases of Coronavirus.

Sensex gained 295.94 points

The BSE Sensex rose 295.94 points, or 0.60 percent, to 49,502.41 points, and the Nifty improved 119.20 points, or 0.80 percent, to close at 14,942.35 points.

Investor again

Investors’ wealth increased by Rs 6,44,760.45 crore due to the sharp rise in the stock markets for the last four consecutive days. The Bombay Stock Exchange’s Sensex rose 1,248.90 points or 2.58 percent in the last four trading sessions. On Monday, the Sensex gained 295.94 points, or 0.60 percent, to reach 49,502.41.

No effect of coronavirus

Meanwhile, the market capitalization of listed companies on the Bombay Stock Exchange increased by Rs 6,44,760.45 crore to Rs 2 crore 13 lakh 28 thousand 685 crore 05 lakh in the four trading sessions from May 5 onwards. Experts say the global market is showing favorable signs, with the March quarter results of the companies remaining well with favorable comments, while the Reserve Bank has announced liquidity support for business growth. This time the nationwide lockdown has not taken place, in such a situation, investors have kept back the concern of increasing cases of corona virus.

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