As the bulls took over the grip for the straight fourth day, headline indices settled with over 3 per cent gains on Thursday, the last day of the futures & options (F&O) contracts of the April series, led by robust buying in autos, metals and technology stocks. The rally was supported by positive trials of experimental drug for coronavirus treatment. 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. The gainers pack on the BSE Sensex was led by ONGC, HCL Tech, Hero MotoCorp and TCS. While Sun Pharma, HUL and IndusInd Bank were among the laggards on the index. “Financials and IT contributed most to the gains in the benchmark indices along with Reliance, ahead of its results.
Nifty50 closed higher at 9859.90 level, +306.55 points, or +3.214 per cent. SGX Nifty closed on Friday 01.05.2020 at 9315. Today Nifty will open weak Nifty Support :9400 and 9200 Resistance : 9700 and 9900.
