Advertisement
Tuesday, Nov 30, 2021
Outlook.com
Outlook.com
Market Report

Sensex touches lifetime high; TCS, Bharati Airtel and Titan among top gainers

The run came in the back of policy announcements for the telecom and automobile sector; NTPC emerged as the top gainer in the Sensex pack

Sensex touches lifetime high; TCS, Bharati Airtel and Titan among top gainers
Sensex touches lifetime high; TCS, Bharati Airtel and Titan among top gainers
outlookindia.com
2021-09-15T16:46:11+05:30

Equity benchmark Sensex surged over 475 points to close at new lifetime high today. The surge was driven by gains accrued by Tata Consultancy Services, Bharati Airtel and Titan recurrently helped by foreign capital inflows. 

The 30-share index settled 476.11 points or 0.82 per cent higher at 58,723.20. It touched an intra-day record of 58,777.06.

Similarly, the broader NSE Nifty climbed 139.45 points or 0.80 per cent to its new closing high of 17,519.45. It touched an all-time peak of 17,532.70 during trade hours. 

NTPC emerged as the top gainer in the Sensex pack,  surging over 7%, followed by Bharti Airtel, Titan, HCL Tech, SBI, PowerGrid, TCS and IndusInd Bank. Asian Paints, Axis Bank, UltraTech Cement, Bajaj Finance and Nestle India were among the laggards.

In a major announcement today, the Union Government sanctioned a relief package to the telecom sector. This package includes a four-year moratorium on payment of statutory dues by telecom companies. Further, it paves the way for 100% foreign investment via the automatic route. 

The Cabinet also approved a  Rs 26,058 crore production linked incentive (PLI) scheme for the auto, auto-components and drone industry to enhance India's manufacturing capabilities.

Elsewhere in Asia, bourses in Shanghai, Tokyo and Hong Kong ended with losses, while Seoul closed in the green. European equities have been a mixed-bag until the mid-session trade.

Foreign institutional investors (FIIs) were net buyers in the capital market as they purchased shares worth Rs 1,649.60 crore on Tuesday, as per provisional exchange data.

Meanwhile, international oil benchmark Brent crude spurted 1.05 per cent to USD 74.37 per barrel.

(With Inputs from PTI)

Advertisement

Outlook Newsletters

Advertisement
Advertisement
Advertisement

Read More from Outlook

Meet Parag Agrawal: The New Indian Origin CEO Of Twitter

Meet Parag Agrawal: The New Indian Origin CEO Of Twitter

The incoming CEO is an IIT Bombay graduate who joined Twitter a decade back after having worked at Microsoft, Yahoo and AT&T in research positions.

Omicron: WHO Warns World Should Be Wide Awake

Omicron: WHO Warns World Should Be Wide Awake

WHO Director-General Tedros Adhanom Ghebreyesus said the emergence of the highly mutated omicron variant underlines just how perilous and precarious our situation is.

Omicron Scare Looms Over IND Tour Of SA, BCCI Awaits Govt Nod

Omicron Scare Looms Over IND Tour Of SA, BCCI Awaits Govt Nod

Several sporting events have been cancelled due to the new variant of the coronavirus, Omicron. India are scheduled to tour South Africa for a full series.

How New Covid-19 Variant Is Impacting Travel Across States In India

How New Covid-19 Variant Is Impacting Travel Across States In India

India has issued fresh travel restrictions for international travellers coming from 'at risk' nations in the wake of the Omicron outbreak across several countries in the world.

Advertisement