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INDIA REOPEN- Sensex, Nifty rise

As India began opening up the country amid the coronavirus crisis, the S&P BSE Sensex climbed up 0.82% at 34,651.09 in morning trade with the NSE Nifty 50 index up 0.79 per cent to 10,247.08.

After diving down over profit-booking, the Sensex regained power to climb 325 points.to reach 34,710.52.

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Indusland stocks jumped 5 percent even as HDFC bank stocks were down over 1,000 points with Dr.Reddy’s Laboratories Ltd and Sun Pharmaceutical Industries Ltd rising nearly 4 percent each pushing up the Nifty.

However, PVR Ltd and INOX Leisure Ltd shares slipped after the companies reported losses amid the shutdown of malls during the pandemic.

Other gainers on the stock exchanged included Asian Paints and ITC.

The stocks which went down included Reliance, HCL Tech, Power Grid Corp, BPCL, GAIL and WIPRO.

Meanwhile, Tokyo’s benchmark Nikkei index closed slightly lower on Tuesday with the Nikkei 225 index falling 0.38 per cent to 23,091.03, while the Topix index losing 0.14 percent to 1,628.43.

However, Hong Kong stocks gained for the seventh day after the Wall Street surge on Monday with Hang Seng Index adding 0.52 percent to reach 24,906.01 with China’s benchmark Shanghai Composite Index rising 0.06 percent to 2,939.54.

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