The market saw rapid growth again, 

On Tuesday, once again the stock market was upbeat. The Sensex closed at 35,430 with a massive jump of 519 points, or 1.49 percent.

• Stock market gains once again

• Sensex saw a rise of 200 points

Continuation of a boom in Indian stock market continues. On Wednesday, the third trading day of the week, the Sensex gained over 200 points to reach the 35,600 marks in the opening minutes. Similarly, talking about Nifty, it was trading above 10,500 points with a gain of 60 points. However, after some time the market showed a slight decline.

In the initial minutes, shares of Asian Paint, Mahindra, Bajaj Finance, NTPC, ITC were seen trading with the increase. At the same time, shares of HCL, Powergrid, IndusInd Bank and ICICI Bank declined.

Results of these two banks

Public sector Union Bank of India reported a net loss of Rs 2,503.18 crore in the fourth quarter ended March 2020 on a single basis. The bank had a net loss of Rs 3,369.23 crore in the same quarter of FY 2018-19. The bank incurred a net loss of Rs 2,897.78 crore for the entire financial year.

Similarly, Bank of Baroda has stated that it achieved a profit of Rs 507 crore during the March 2020 quarter. Bank of Baroda registered a net loss of Rs 8,875 crore in the same period last year. Explain that Dena and Vijaya Bank have been merged with Bank of Baroda from 1 April 2019.

Market condition on Tuesday

On Tuesday, the stock market was once again upbeat. The Sensex closed at 35,430 points with a huge jump of 519 points, or 1.49 percent, while the Nifty closed at 10,471, up 159.80 points or 1.55 percent from the previous session.

Among the 30 stocks of the BSE index, 27 rose sharply, while three stocks closed down. The five fastest-growing stocks were L&T (6.68 percent), Bajaj Finance (6.54 percent), IndusInd Bank (6.29 percent), NTPC (5.83 percent), and PowerGrid (5.06 percent). The three Sensex stocks that fell include Reliance (1.55 percent), Bharti Airtel (0.36 percent) and Maruti (0.20 percent).