Stock Market: Sensex, Nifty rise as Coronavirus under control in India; Yes Bank, Vodafone Idea, SREI Infrastructure stocks gain

Stock Market: On account of the Indian government controlling the Coronavirus, the Indian indices went up in the Opening Bell trade session after opening on the lower side. The BSE Sensex opened 158 points up at 35,792 while the Nifty-50 index went up 34 points at 10,486 levels. Bank Nifty index also went northward 165 points at 26,628 levels.

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Telecom stocks witnessed fresh buying in the Opening Bell trade session as the BSE Telecom index went up 1.69 per cent. Telecom major Vodafone Idea share price skyrocketed 16.75 per cent, Bharti Infratel shares rose to near 5 per cent, Bharti Airtel stocks went up around 1.90 per cent, ITI stocks went up around 3.5 per cent, Reliance Communications share price surged 4.65 per cent while GTPL Hathway stocks crashed over 9 per cent.

In the banking sector, Yes Bank share price shot up more than 14 per cent in the Opening Bell trade session. RBL Bank share price surged 12.87 per cent, Federal Bank shares went up 2.61 per cent, City Union Bank and Axis Bank shares went up near 1.2 per cent, ICICI Bank stock price rose 1.85 per cent while SBI shares went up to the tune of 0.87 per cent.

Among the major Asian markets, the Japanese Nikkei 225 index went down 1.62 per cent, Kospi nosedived 1.44 per cent, Hang Seng went off 0.34 per cent while the shanghai market went 0.32 per cent northward.