Market Highlights: Sensex rallies 1,000 pts, Nifty ends above 9,850; RIL gains, HUL declines ahead of Q4 earnings

Nifty Metal and Nifty Auto indices were the top sectoral gainers, up 7.90 per cent and 6.45 per cent, respectively

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic equity market benchmarks Sensex and Nifty continued their momentum for the fourth consecutive day and ended with strong gains tracking global cues as positive results for experimental remdesivir drug towards coronavirus treatment lifted investor sentiment on Thursday. Equity and currency markets will remain closed tomorrow on account of Maharashtra Day. BSE Sensex surged 1,000 points or 3.05 per cent to end the session at 33,717, while the broader Nifty 50 index advanced 306 points or 3.21 per cent to 9,860. Out of 30 Sensex stocks, 25 ended the session in green with ONGC as the top gainer with a growth of over 13 per cent, followed by HCL Tech, Hero MotoCorp, NTPC and TCS. Conversely, Sun Pharma was the top Sensex laggard, down 2.48 per cent. Hindustan Unilever (HUL), IndusInd Bank, Asian Paint and ITC were other losers on the pack. Nifty Metal and Nifty Auto indices were the top sectoral gainers, up 7.90 per cent and 6.45 per cent, respectively.

The head of the Federal Reserve on Wednesday dashed lingering hopes for a fast rebound from the coronavirus pandemic, saying the U.S. economy could feel the weight of consumer fear and social distancing for a year or more in a prolonged climb from a deepening hole, Reuters reported. In its policy statement on Wednesday, the Fed left its benchmark overnight lending rate in a target range of 0% to 0.25% and repeated a vow to use its “full range of tools” to shore up the economy amid what it now says are “considerable risks” over the medium term, perhaps a year or more.

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