Mumbai: The Sensex closed up 62 points in heavy trading on the stock market on Wednesday. The market is also under the grip of apprehension due to the rising outbreak of Corona virus. During the trading, the 30-share Sensex rose to 386 points at one time. It finally ended at 35,697.40, up 62.45 points or 0.18 percent.
The National Stock Exchange’s NSE Nifty gained 6.95 points or 0.07 percent to end at 10,458.40. Hero MotoCorp, Reliance Industries, ICICI Bank and L&T were the major gainers in the Sensex. Tata Steel, IndusInd Bank, ONGC, SBI and Infosys declined.
According to traders, the rapid rise in corona virus cases in the country and mixed trends from abroad had led to panic among investors and the market lost its initial edge. The confirmed cases of corona virus in India have increased to 60.
Meanwhile, Saudi Arabia announced a 1 million barrel per day increase in crude oil production, after which Brent crude oil slipped 2.02 percent to $ 36.47 a barrel in the futures market. However, the exchange rate of the Indian rupee strengthened by 46 paise to 73.70 per dollar.