Nifty50 hits up to 9889.05,sensex to 33887.25.
May 1, 2020
Edit
NSE, 1st May, 2020: Going into a
three days closure of market the investors had a lot to gain. The market saw
the highest bar after the fall due to Covid19. Both Nifty 50 and Sensex saw a
tremendous rise in price as the market opened on Thursday which was expected to
be a profit booking day going into a three day holiday including May day,
Saturday and Sunday.
Nifty 50 graph on Thursday 30th April,2020
On Thursday when the market opened the Nifty50 excelerated
almost 336 points at 9753.5 and went up to 9889.05 at the half end of the day.
However, the market kept going down under but recovered well towards the end of
the day making it a fruitful day for investors to book their profit. Along with
Nifty 50 other indices such as Nifty Bank, Nifty midcap 100 etc. went up giving
investors good profitable.
It was nothing different with Sensex as well. On Thursday
when market opened with a rise of approximately 660 points at 33,381.19 and
going up higher during the day up to 33,887.25 points. However, market went
down during noon time and recovered at the back end of the day and closing at
33,717.62 points.
Sensex graph
on Thursday 30th April, 2020
Along with rise in Nifty50 and Sensex other equity such UPL
Ltd., Tata Motor, Infosys where the top gainers. The end of the month also saw
a fall in the baking sectors after continuous rise for a few days.
Investors expect the market to rise up and recover continuously
awaiting the decision on the lockdown and restart of the economy. When the
market opens on Monday after the decision and guidelines by the government on
the industrial sectors it will be interesting to watch the market.
