Sensex rises 349 points; Nifty ends at 12,201 levels; Rolta India, TCS, Castrol India stocks gain

Stock Market News: On account of ease in Coronavirus fears, the Indina indices witnessed fresh buying in the intraday trade session. The BSE Sensex skyrocketed 349 points and closed at 41,565 levels while the 50-stocks Nifty soared 93 points and closed at 12,201 mark. Bank Nifty surged 192 points and closed at 31,492 levels.

Speaking on the current rise in the Indian stock market Simi Bhaumik, a SEBI registered technical equity expert said, "Much will depend on tomorrow morning opening. If the market opens higher and sustains above 12,200 levels then one should wait till further trends getting clear to them. Currently, Nifty has strong support at 12,050 but very heavy resistance at 122,250 and above levels. I would suggest share market investors avoid any kind of fresh position in the current market scenario."

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Shares of SBI, Tata Motors, Indiabulls, ICICI Bank, IRCTC, IndusInd Bank, Reliance Industries, Tata Steel and Yes Bank were among the most trending stocks throughout the intraday trade session while stocks of HUL or Hindustan Unilever, Housing Development Finance, IRCTC and Kotak Mahindra Bank were among the most active stocks in the intraday trade session.

Shares of PC Jeweller, MMTC, NBCC (India), Castrol India, Future Retail, Hindustan Unilever, Lakshmi Vilas Bank and Pfizer were among the major gainers in the intraday trade while stocks of Suzlon Energy, Sun Pharma Advanced, Vodafone Idea, Allahabad Bank, IDBI Bank, Reliance Infrastructure, Graphite India and Dewan Housing Finance Limited or DHFL were among the major losers in the intraday trade session.

IT and Tech stocks witnessed some fresh buying in the intraday trade. IT major Rolta India share price soared 4.85 per cent, Tata Consultancy Services or TCS shares rose to near 1 per cent, Wipro share price added 1.53 per cent, Trigyn Technologies stock price surged 9.93 per cent, Take Solutions stocks scaled 3.36 per cent, Sonata Software counter went northward near 2 per cent, Birlasoft scrip went up 1.67 per cent.

Among the major Asian markets, the Japanese Nikkei 225 index soared 0.74 per cent, South Korean Kospi went up 0.69 per cent, Hang Seng added 0.87 per cent while Shanghai markets soared 0.95 per cent.