Sensex Reaches Over 600 Points Amid Positive Global Indicators, Nifty Trades Over 15,700 -By ASC

Sensex and Nifty started at a higher level today.

New Delhi:

Indian equity benchmarks on Friday started in the green, extending their gains for a second consecutive session amid positive indications from global markets. Asian stocks surged today, tracking overnight gains on Wall Street.

The trend on Nifty Futures on the Singapore Exchange (SGX Nifty) indicates a higher start for the domestic index.

30 shares of BSE Sensex rose 604 points or 1.16 percent to 52,870 in the early session, while the broader NSE Nifty rose 175 points or 1.12 percent to trade at 15,732.

Medium and small -cap stocks traded strongly today as the Nifty Midcap 100 rose 0.93 percent and small -cap jumped 1.26 percent.

All 15 sector gauges – compiled by the National Stock Exchange – are traded in green. The Nifty Bank and Nifty FMCG sub-indices outperformed the NSE platform by increasing by 1.55 per cent and 1.17 per cent, respectively.

In terms of niche stocks, IndusInd Bank was Nifty’s top gainer as shares jumped 3.10 per cent to Rs 809.25. Hindustan Unilever, Tata Consumer Products, Bharti Airtel and ICICI Bank are also among the beneficiaries.

The overall market size was positive as 1,794 stocks rose while 361 declined on the BSE.

On the BSE 30 -stock index, IndusInd Bank, HUL, Airtel, ICICI Bank, Reliance Industries, Ultratech Cement, Tata Steel, SBI, Kotak Mahindra Bank, Dr Reddy’s, HDFC Bank and Bajaj Finance are among the most profitable.

Moreover, shares of Life Insurance Corporation of India (LIC), the country’s largest insurance company and largest domestic financial investor, rose 0.56 per cent to trade at Rs 668.60.

In contrast, Tech Mahindra and Asian Paints traded in the red.

The Sensex was up 443 points or 0.86 percent to close at 52,266 on Thursday, while the Nifty was up 143 points or 0.93 percent to close at 15,557.


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