Thursday, January 21News That Matters

Tag: nifty

Business

Sensex, Nifty soar to record highs amid global rally

Image Source : PTI Sensex, Nifty soar to record highs amid global rally Benchmark BSE Sensex rose by 393 points on Wednesday following gains in IT, energy and auto stocks amid strong global cues on hopes of fresh stimulus measures by the incoming US administration. The 30-share Sensex advanced by 393.83 or 0.80 per cent to close at its fresh record of 49,792.12. The broader NSE Nifty jumped 123.55 points or 0.85 per cent to settle at a lifetime high of 14,644.70. World stocks advanced on Wednesday after US Treasury Secretary nominee Janet Yellen called for a hefty stimulus to protect the US economy. President-elect Joe Biden, who will be sworn into office on Wednesday. has laid out a USD 1.9 tr...
Business

Sensex Ends At Record Highs, Up Nearly 400 Points; Nifty Crosses 14,600

Tata Motors was top Nifty gainer, the stock rose over 6 per cent to Rs 274 on the NSEThe S&P BSE Sensex and NSE Nifty 50 indexes ended at record highs for the second consecutive day, extending the gains witnessed in the previous trading session, on the back of strong buying interest in auto and information technology shares. Better than expected corporate earnings in December quarter and hopes of bold economic reforms in the upcoming Budget are bolstering the investor sentiment, analysts said.The Sensex rose to 49,874.42 at the highest point of the day before ending the session at 49,792.12, up 393.83 points or 0.80 per cent and the Nifty 50 index closed above the 14,600 mark at 14,644.70, up 123.55 points or 0.85 per cent. Mid- and small-cap stocks also ended strong; the S&P BS...
Business

Sensex Rises Over 250 Points, Nifty Reclaims 14,600 Led By IT, Auto Stocks

The S&P BSE Sensex and NSE Nifty 50 indexes extended gains in noon deals driven by a strong buying interest in auto and information technology shares. Better than expected corporate earnings in December quarter and hopes of bold economic reforms in the upcoming Budget is bolstering the investors' sentiment, analysts said. The Sensex rose as much as 324 points and Nifty 50 index moved above its important psychological level of 14,600.As of 1:12 pm, the Sensex was up 256 points at 49,654 and Nifty 50 index climbed 83 points to 14,603.Strong corporate earnings by tech heavyweights like TCS, Infosys, Wipro and HCL Technologies along with HDFC Bank is keeping the sentiment bullish on Dalal Street, analysts added.Fourteen of 19 sector gauges compiled by the BSE were trading higher led by ...
Business

Sensex rallies over 170 points in early trade; Nifty tops 14,590

Image Source : PTI Sensex rallies over 170 points in early trade; Nifty tops 14,590 Benchmark BSE Sensex rose by over 170 points in early trade on Wednesday as IT, energy and pharma stocks advanced amid gains in global equities on hopes of fresh US stimulus measures. The 30-share index opened higher at 49,508.79, against the previous close of 49,398.29 and rose further to hit a high of 49,595.64 points in early trade. Of the 30 Sensex stocks, 17 were trading in green led by IT and pharma stocks. In similar tandem, the broader NSE Nifty advanced by 52.25 points or 0.36 per cent to 14,573.40 with 26 of its constituents trading in the green territory. Analysts said Indian stocks took cues from glo...
Business

Sensex Up Over 150 Points, Nifty Above 14,550; Metal, IT Shares Outperform

The S&P BSE Sensex and NSE Nifty 50 indexes edged higher in morning deals on Wednesday taking cues from other Asian markets which climbed to a record high on Wednesday as US Treasury Secretary nominee Janet Yellen advocated for a hefty fiscal relief package to help the world's largest economy ride out a pandemic-driven slump. ICICI Bank, Infosys, Tata Consultancy Services, Reliance Industries, HCL Technologies and HDFC were among the movers in the Sensex.As of 9:24 am, the Sensex was up 169 points at 49,567 and Nifty 50 index advanced 49 points to 15,570.At her confirmation hearing on Tuesday, Janet Yellen said the benefits of a big stimulus package are greater than the expenses of a higher debt burden.U.S. President-elect Joe Biden, who will be sworn into office on Wednesday, last ...
Business

Sensex zooms 834 points; Nifty reclaims 14,500 level

Image Source : PTI Sensex zooms 834 points; Nifty reclaims 14,500 level Equity benchmark Sensex soared 834 points on Tuesday, tracking strong gains in index majors HDFC twins, ICICI Bank and Reliance Industries amid an upbeat trend in global markets. The 30-share BSE index ended 834.02 points or 1.72 per cent higher at 49,398.29. Similarly, the broader NSE Nifty surged 239.85 points or 1.68 per cent to 14,521.15. Bajaj Finserv was the top gainer in the Sensex pack, rallying around 7 per cent, followed by Bajaj Finance, HDFC, L&T, ICICI Bank, Sun Pharma and NTPC. On the other hand, Tech Mahindra, ITC and M&M were the laggards. According to Binod Modi, Head-Strategy at Reliance Securities...
Business

Sensex Surges Over 800 Points, Posts Best Single-Day Gain In Four Months

The S&P BSE Sensex and NSE Nifty 50 indexes clocked their best single-day gains since September 25, 2020 on Tuesday (January 20,2021) on the back of a broad-based buying interest. The benchmarks snapped their two-day losing streak as investors resorted to value buying at lower levels. During the session, Sensex rose as much as 936 points and Nifty 50 index touched an intraday high of 14,546.05.The Sensex climbed 1.72 per cent or 834 points to close at 49,398 and Nifty 50 index rose 240 points or 1.68 per cent to settle at 14,521. Source link
Business

Sensex Surges Over 600 Points, Nifty Firm Above 14,450

The S&P BSE Sensex and NSE Nifty 50 indexes extended gains in noon deals on the back of a broad-based buying interest. The benchmarks staged a gap up opening and extended gains led by rally in Reliance Industries, HDFC, Bajaj Finance, ICICI Bank, Kotak Mahindra Bank, ICICI Bank and Larsen & Toubro. The Sensex rose as much as 673 points and Nifty 50 index touched an intraday high of 14,478.45.As of 12:36 pm, the Sensex was up 664 points at 49,228 and Nifty 50 index advanced 192 points to 14,473.Sustained buying by foreign institutional investors and hopes of bold economic reforms in the upcoming Budget is leading to the bullish sentiment on Dalal Street, analysts said.Buying was visible across the sectors as all the 11 sector gauges compiled by the National Stock Exchange were tr...
Business

Sensex rallies nearly 500 points in early trade; Nifty tops 14,400

Image Source : PTI Sensex rallies nearly 500 points in early trade; Nifty tops 14,400 Equity benchmark Sensex rallied nearly 500 points in early trade on Tuesday tracking strong gains in index majors Reliance Industries, HDFC and Infosys amid a positive trend in global markets. The 30-share BSE index was trading 485.97 points or 1 per cent higher at 49,050.24. Similarly, the broader NSE Nifty surged 134.05 points or 0.94 per cent to 14,415.35. Bajaj Finance was the top gainer in the Sensex pack, rising around 2 per cent, followed by SBI, ONGC, IndusInd Bank, Reliance Industries, HDFC and Axis Bank. On the other hand, ITC and HDFC Bank were the laggards. In the previous session, Sensex ended 470...
Business

Sensex tanks 470 points; Nifty drops below 14,300

Image Source : PTI Sensex tanks 470 points; Nifty drops below 14,300 Equity benchmark Sensex plunged 470 points on Monday, tracking losses in index majors Infosys, HDFC and ICICI Bank amid a weak trend in global markets. After a choppy session, the 30-share BSE index ended 470.40 points or 0.96 per cent lower at 48,564.27. Similarly, the broader NSE Nifty tumbled 152.40 points or 1.06 per cent to 14,281.30. ONGC was the top loser in the Sensex pack, shedding around 5 per cent, followed by Sun Pharma, PowerGrid, Bajaj Finance, IndusInd Bank, Dr Reddy’s and Maruti. On the other hand, Reliance Industries, Titan, HDFC Bank and ITC were the gainers. Domestic equities witnessed pullback for the secon...