Sensex jumps 282 points, Nifty ends above 12,850

Equity benchmark Sensex surged 282 points on Friday, tracking gains in HDFC Bank, Kotak Bank and Bajaj Finance amid positive cues from global markets and sustained foreign fund inflows.

After a highly volatile session, the 30-share BSE index ended 282.29 points or 0.65% higher at 43,882.25.

Like, the broader NSE Nifty rose 87.35 points or 0.68% to 12,859.05.

Bajaj Finserv was the top gainer in the Sensex pack, rallying over 9%, followed by Titan, Bajaj Finance, Kotak Bank, Bharti Airtel, Nestle India and NTPC.

On the other hand, Reliance Industries, IndusInd Bank, Sun Pharma, Axis Bank, ONGC and HUL were among the laggards.

“The BSE Sensex is closing higher by about 1% in this Diwali week,” said Sanjeev Zarbade, VP PCG Research, Kotak Securities.

“With the end of the earnings season, focus will shift back to economic recovery and market valuations,” he said, adding that risk to the markets is from a resurgence of COVID-19 infections in India.

Elsewhere in Asia, bourses in Shanghai, Hong Kong and Seoul ended on a positive note, while Tokyo was in the red.

Stock exchanges in Europe were trading on a positive note in early deals.

Brent crude futures, the global oil benchmark, rose 0.41% to USD 44.38 per barrel.

Meanwhile, foreign institutional investors remained net buyers in the capital market as they purchased shares worth ₹ 1,180.61 crore on Thursday, according to provisional exchange data.

.

Disclaimer: This post has not been edited by our staff and is published from a syndicated feed. The Original Source of this post can be found at Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest

Daily special express from Puri to Gunupur

A daily special express train will be run between Puri and Gunupur with effect from April 22. The 08417...

Scribe succumbs to COVID-19 in Hyderabad

 A journalist of a vernacular daily (Eenadu) in Siddipet succumbed to coronavirus on Wednesday. Chinta Nagaraju (40), was a native of Dubbak, and worked...

Coronavirus | Citing oxygen shortage, Lucknow hospital asks kin to shift...

The administration of the Mayo Medical Centre put up a notice to draw the attention of the attendants Relatives of COVID-19 patients admitted in a...

TS left with around 7 lakh vaccine doses

Telangana has received a little over 6 lakh additional doses of COVID-19 vaccine on Tuesday night. Up to Wednesday night, the State had around...

Coronavirus | European Union countries ready to start using J&J shot...

Just over 320,000 doses arrived in ten countries across the 30-member European Economic Area (EEA) as of Wednesday. European countries prepared on Wednesday to...

More Articles