Advertisement
Monday, Dec 06, 2021
Outlook.com
Outlook.com

Sensex Jumps 209 Points; Nifty Ends Above 15,750

The 30-share BSE index climbed 209.36 points or 0.40 per cent to close at 52,653.07, while the broader NSE Nifty advanced 69.05 points or 0.44 per cent to 15,778.45.

Sensex Jumps 209 Points; Nifty Ends Above 15,750
Tata Steel, Bajaj Finserv, SBI, HCL Tech, Sun Pharma, Bajaj Finance and Reliance Industries were the top gainers, while Maruti, PowerGrid, Bajaj Auto and ITC were among the laggards | Representational Image
Sensex Jumps 209 Points; Nifty Ends Above 15,750
outlookindia.com
2021-07-29T16:25:18+05:30

Snapping its three-session losing streak, equity benchmark Sensex rose 209 points on Thursday following gains in Tata Steel, SBI and Reliance Industries amid a positive trend in global markets.

The 30-share BSE index climbed 209.36 points or 0.40 per cent to close at 52,653.07, while the broader NSE Nifty advanced 69.05 points or 0.44 per cent to 15,778.45.

Tata Steel was the top gainer in the Sensex pack, rallying nearly 7 per cent, followed by Bajaj Finserv, SBI, HCL Tech, Sun Pharma, Bajaj Finance and Reliance Industries.

On the other hand, Maruti, PowerGrid, Bajaj Auto and ITC were among the laggards.

"Domestic equites recovered as positive global cues and strong buying in metal and IT stocks supported markets," said Binod Modi, Head - Strategy at Reliance Securities.

Further, short-covering in select heavyweights also aided rebound. Auto, FMCG and pharma remained sluggish, while most key sectoral indices traded in green.

Notably, strong buying was seen in quality mid-cap and small-cap stocks after the recent fall, while volatility index contracted by 5 per cent, he added.

Elsewhere in Asia, bourses in Shanghai, Hong Kong, Tokyo and Seoul ended with gains.

Equities in Europe were also trading on a positive note in mid-session deals.

Meanwhile, international oil benchmark Brent crude advanced 0.43 per cent to USD 74.19 per barrel.

Advertisement

Outlook Newsletters

Advertisement
Advertisement
Advertisement

Read More from Outlook

Nagaland Ambush: Clamour Grows For Revocation Of AFSPA As Death Toll Touches 15

Nagaland Ambush: Clamour Grows For Revocation Of AFSPA As Death Toll Touches 15

Nagaland civilian killings are likely to derail the peace process at a time when New Delhi was fast-tracking talks with several political groups in the insurgency-hit region.

Putin Sends Out A Strong Message By Coming For A In-Person Meeting With PM Modi

Putin Sends Out A Strong Message By Coming For A In-Person Meeting With PM Modi

Prime Minister Modi and Vladimir Putin have a clear vision of the India-Russia relations and are unlikely to be battered by ties with third countries (China-Russia or India-US).

How To Regain Ashes? KP Has Few Tips For Root’s England

How To Regain Ashes? KP Has Few Tips For Root’s England

England’s Test record in Australia is abysmal – nine defeats in the last 10 matches. The Three Lions last won the Ashes in 2011.

Article 370: Can Farooq Abdullah Save His Father Sheikh Abdullah's Political Legacy In J&K?

Article 370: Can Farooq Abdullah Save His Father Sheikh Abdullah's Political Legacy In J&K?

National Conference leader Farooq Abdullah paid tributes to his father Sheikh Abdullah on his birth anniversary in Srinagar.

Advertisement