Equity indices jump 3 pc ahead of RBI Governor's address

Apr 17, 2020

Mumbai, Apr 17 (ANI): Equity benchmark indices jumped over 3 per cent during early hours on Friday in line with firm global cues and ahead of Reserve Bank of India (RBI) Governor Shaktikanta Das' address to the media. Reports of another imminent stimulus package from the government lifted market sentiment. Das is expected to make announcements concerning additional measures to help the economy in the face of COVID-19 crisis. At 10 am, the BSE S&P Sensex was up by 887 points or 2.9 per cent at 31,489 while the Nifty 50 edged higher by 271 points or 3 per cent at 9,263. All sectoral indices at the National Stock Exchange were in the positive terrain with Nifty realty, financial service and private bank up by 4.5 per cent each, IT by 3.6 per cent and auto by 2.9 per cent. Among stocks, Tata Consultancy Services (TCS) rose nearly 7 percent after the IT major reported a consolidated profit of Rs 8,049 crore, down 0.85 per cent on a quarter-on-quarter basis.