*Representational Picture Courtesy sachkahoon.com

Sensex zoomed up to  1,325.34 points.Even the Nifty reclaimed the 9,900 level after a highly volatile session today as investors rushed to buy stocks at beaten-down valuations after markets saw their biggest sell-off earlier in the day.

In fact, since coronavirus-led recession fears had triggered panic selling globally, indices plunged over 10 per cent in the opening session, hitting their lower circuit levels.

Stock exchanges halted trading for 45 minutes within 15 minutes for market opening. Normal trading resumed at around 1030 hours.

Historically, the last circuit freeze happened in January 2008.

Recovering over 5,380 points from its intra-day low of 29,388.97, the BSE Sensex ended 1,325.34 points or 4.04 per cent higher at 34,103.48.

Similarly, the NSE Nifty settled 365.05 points, or 3.81 per cent, up at 9,955.20. It hit an intra-day low of 8,555.15.

Most Sensex components ended with gains. SBI was the top gainer, rallying over 13 per cent, followed by Tata Steel, HDFC, Sun Pharma, Bajaj Finance, Bharti Airtel and ICICI Bank.  

 

--------------------------Advertisement--------------------------1000 days of Hemant Govt

must read