Sensex surges 376 points in line with global rally
June 16, 2020  16:05
Equity benchmark Sensex rallied 376 points on Tuesday, led by index heavyweights HDFC twins, ICICI Bank and Infosys amid strong cues from global equities. The 30-share index, however, briefly turned negative in afternoon session after escalation in India-China border tension, but managed to recoup losses and settled 376.42 points, or 1.13 per cent, higher at 33,605.22. 

Similarly, the NSE Nifty closed 100.30 points, or 1.02 per cent, up at 9,914. HDFC Bank was the top gainer in the Sensex pack, jumping around 4 per cent, followed by HDFC, ICICI Bank, Infosys, Kotak Bank and Hero MotoCorp.

On the other hand, IndusInd Bank, Tech Mahindra, Axis Bank and ITC were among the laggards. According to traders, Dalal Street was enthused by positive cues from global markets after US Federal Reserve launched a massive programme to support Main Street businesses hit by the virus lockdown. --PTI
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