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Nifty & Sensex closed in Green, the later surges 1,028 points; Nifty ends FY19-20 near 8,600.

Sensex was up 1,028.17 points or 3.62% at 29468.49, and the Nifty was up 316.65 points or 3.82% at 8597.75.

India VIX falls 10%. All sectoral indices on NSE closed in the green.

BPCL surges 13.5% and ends at 312 , claims to be the topmost gainer in Nifty today.

Indian Rupee Extends Losses After Moody’s Downgrades GDP and trading at 75.28 against the US dollar.

In F&O Segment, IndusIND Bank & Yes Bank tanks more than 10%.

Market mood upgraded from Extreme fear to Fear Zone.

Shares of IndusInd Bank plunged 15 per cent following a recent conference call.The bank in a conference call indicated that 10-11 per cent of its deposits (nearly Rs 22,000 crore) have seen outflows since December quarter.

BSE Midcap and Smallcap indices rose 2.5 percent and 3 percent respectively.

Please See our Dashboard report below

Nifty Trend

BankNifty Trend

VIX Trend

Gold-Rate Trend

Sectorwise Change :

Read more here for detailed report on SECTORS – Indian Stock Market.

New 52Week Lows : 

New 52Week Lows in Nifty50 Stocks : Bajaj Finance & Eicher Motors

Nifty 52Week High: 

HUL

HH-LL Trade Setup:

The above levels are arrived based on Simplest Trading Strategy that works.

DAY HIGHLIGHTS :

• Morgan Stanley expect banks to reduce deposit/lending rates. The lower rates, with slower growth, will impact margins over the next few quarters
• Metal stocks shine after rise in China factory activity
• Cyient has received clearance for its Mysore facility to run its MedTech manufacturing lines to support the production of medical equipment that is critical in the fight against COVID-19.
• Modified rail coaches to provide 3.2 lakh isolation beds: Railways
• Arcelor to develop 3D printed ventilator prototype.
• No extension of financial year, clarifies government

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