Sensex surges 1470 points to open at 32845 Gap-up profit rises 637 points to 32008

•  Stormy rally expected in stocks behind Rs 20 lakh crore self-sufficient economic package
• Nifty jumps to 9584, up 187 points at 9384: Banking, Capital Goods, Auto stocks rise: Profit booking in FMCG: FPIs / FIIs sell for Rs 283 crore in cash, DIIs buy for Rs 233 crore

                                            

• Prime Minister Narendra Modi yesterday announced a self-sufficient economic package of up to Rs 50 lakh crore to provide relief to the poor, middle class and industries in the global economic crisis caused by the Corona epidemic. Did. Before Finance Minister Nirmala Sitharaman began outlining this massive package this evening, the index saw a sharp rise as funds started booking profits in FMCG stocks and also started trading profit in other stocks after a tumultuous rally in stocks.

• While Indian companies are being downgraded amid the possibility of India First being seen as America First in the coming days in India's economic policies like other countries, including the US, announcing the mission of a self-reliant India to the Prime Minister, many foreign MNCs are now at risk The boom was seen as a sell-off in caution. Corporate results were also seen to have a negative impact.

• Attracted by banking-finance, capital goods-power, automobile, consumer durables, oil-gas stocks, the Sensex opened at 32841.87, up 1470.75 points against the previous close of 31371.12, reaching 32845.48. Prime Minister Modi's mission to become self-sufficient has been offloaded in FMCG stocks including MNC giant Nestle India, Hindustan Unilever and Sun Pharma, Bharti Airtel and other frontline stocks. Was. The Nifty spot closed 387.65 points against the previous close of 9196.55 and opened at 9584.20.