Financials lead in Sensex's 522-pt rally; Nifty ends 153 pts up at 9,979
Tuesday,
02-Jun-2020
04:09 PM (IST)
Shrugging off Moody's downgrade of India's long-term sovereign rating by one notch - from ‘Baa2’ to ‘Baa3, the domestic equity market ended with decent gains on Tuesday, though the session remained rangebound. Moreover, strong global cues and reassurance by Prime Minister Narendra Modi, in an address to India Inc at the CII's 125th annual session, that India will return to growth, boosted sentiment further. The benchmark S&P BSE Sensex rallied 522 points or 1.57 per cent to 33,825.53 levels, thanks to buying in financial counters such as HDFC, HDFC Bank, ICICI Bank, Bajaj Finance, Axis Bank. NSE's Nifty ended at 9,979, up 153 points or 1.56 per cent.
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