Sensex surges over 900 points; Nifty above 9,000-mark

Equity indices jumped on Tuesday in a highly volatile trade with the benchmark BSE Sensex rising over 900 points. Sensex gained 909 points or 3.02 per cent to 30,976; while the broader NSE Nifty moved 237 points or 2.70 per cent higher to 9,030. Major gainers in the BSE pack included IndusInd Bank, HDFC, Maruti, Mahindra & Mahindra, Axis Bank and Hindustan Unilever.

Banks yet to act on EMI relief, spark confusion

With just two days left for the next EMI cycle to begin, most big lenders are unprepared to follow the Reserve Bank of India’s blanket order allowing borrowers to hold back from paying instalments for the month. Top lenders such as State Bank of India, HDFC Bank, ICICI Bank, Kotak Bank and Axis Bank have not activated any channel for customers to exercise an option.