Market Wrap, April 27: Here's all that happened in the markets today

On the sectoral front, all the indices on the NSE ended in the green with Nifty Private Bank advancing the most

Equity market rallied on Monday, thanks to solid buying in financial stocks after the Reserve Bank of India (RBI) announced it will open a special liquidity window of Rs 50,000 crore to ease pressure on mutual funds, which are facing liquidity strains due to heightened volatility in capital markets in the wake of the Covid-19 outbreak. READ MORE

Nifty Bank surged 494.50 points or 2.52 per cent to 20,081 levels while Nifty Private Bank index climbed 315 points or 3 per cent to 10,857.55. Among individual names, IndusInd Bank gained 6.56 per cent per cent to Rs 408 apiece on the NSE. The lender is scheduled to announce its March quarter results later in the day.

Axis Bank surged around 5.5 per cent to Rs 426, while ICICI Bank gained 3.42 per cent. 

At the index level, the S&P BSE Sensex rose 416 points or 1.33 per cent to settle at 31,743. During the day, the index hit a high and low of 32,103.70 and 31,651.58, repectively. On the NSE, the frontline Nifty50 index ended at 9,282, up 128 points or 1.40 per cent. India VIX declined 3 per cent to 37.93 levels.

In the broader market, the S&P BSE MidCap index settled at 11,630, up 1.44 per cent and the S&P BSE SmallCap index climbed 1.37 per cent to 10,780 levels.

On the sectoral front, all the indices on the NSE ended in the green with Nifty Private Bank advancing the most.

Courtesy : Business Standard