Sensex Ends 224 Points Higher; Realty And Oil & Gas Stocks Witness Buying

Indian share markets witnessed buying interest during closing hours today and ended on a positive note.

Benchmark indices erased early losses and edged higher for the third straight day, tracking mixed cues from global markets as sentiments were cautious on account of geopolitical tensions between US-China.

At the closing bell, the BSE Sensex stood higher by 224 points (up 0.7%) and the NSE Nifty closed higher by 90 points (up 1%).

The SGX Nifty was trading at 9,497, up by 8 points, at the time of writing.

The BSE Mid Cap index ended the day up by 1.9%, while the BSE Small-Cap index ended up by 1.1%.

On the sectoral front, gains were largely seen in the realty sector, oil & gas sector and FMCG sector, while IT stocks witnessed selling pressure.

Asian stock markets ended on a mixed note today as investors awaited the US response to China tightening control over the city of Hong Kong.

China's parliament on Thursday pressed ahead with national security legislation for the city, raising fears over the future of its democratic freedoms and function as a finance hub.

As of the most recent closing prices, the Hang Seng ended down by 0.7% and the Nikkei stood lower by 0.2%. The Shanghai Composite stood higher by 0.2%.

Gold prices are currently trading up by 0.4% at Rs 46,581.

The rupee is currently trading at 75.61 against the US$.

Note that stock markets around the world have witnessed one of the most volatile phases in 2020 so far.

One month we see a sharp decline followed by a sharp up move the next month.

One day we hear positive news of a vaccine for the virus. Another day, a WHO scientist says we might have to live with this virus for years.

Naturally, investors are confused as to what they should do? Buy, hold or sell their stocks.

In the video below, Girish Shetty, Research Analyst at Equitymaster, explains the current scenario and what are the type of stocks investors should buy, hold or sell in the current crisis.

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And to know what's moving the Indian stock markets today, check out the most recent 


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