Stock Market Today: On account of Wall Street rally signaling strong global cues, the Indian indices skyrocketed in the Opening Bell trade session. The BSE Sensex surged 1286 points at 28,877 levels while the NSE Nifty escalated 344 points at 8,427 levels. Bank Nifty rose 992 points and hit 18,241 levels in the Opening Bell trade session.
Speaking on the current stock market Prakash Pandey, MD & CEO at Plutus Advisors said, “The way world indices have responded to the Coronavirus, Indian indices have been worst hit as it has gone down around 35 per cent. So, in the coming few trade sessions, we are expecting 10-12 per cent rise at Nifty.” However, he maintained that the rise won’t be straight and advised traders to book profit on every 7-8 per cent rise.
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Shares of SBI, Reliance Industries, ITC, Sun Pharma, ICICI Bank, Tata Motors, HDFC Bank, Axis Bank, Bajaj Finance and Cipla were among the most trending stocks in the Opening Bell trade session while shares of Housing Development Finance, Kotak Mahindra Bank, Hindustan Unilever Limited or HUL and IndusInd Bank were among the most active stocks in the intraday trade session.