The S&P BSE Sensex index jumped 1.35 per cent - or 504.39 points - to 37,923.38 at the strongest level recorded in early trade, after a gap-up opening at 37,823.61 (up 404.62 points).
The broader NSE Nifty 50 benchmark climbed to as high as 11,164.45, having started the day stronger at 11,126.10 compared to its previous close of 11,022.20. Gains across sectors pushed the markets higher, led by banking, financial services and IT shares.
At 9:43 am, the Sensex traded 467.42 points - or 1.25 per cent - higher at 37,886.41, while the Nifty was up 132.90 points - or 1.21 per cent - at 11,155.10.
Eicher Motors, ICICI Bank, Maruti Suzuki, Tata Motors and Wipro - trading between 2.64 per cent and 3.52 per cent higher - were the top percentage gainers among the 44 Nifty stocks that moved higher at the time.
On the other hand, Zee Entertainment and Bharti Infratel - down 1.07 per cent and 0.47 per cent respectively - were the top Nifty losers.
Shares in InterGlobe Aviation, which owns the country's biggest airline, IndiGo,rose as much as 1.67 per cent to Rs 987.55 apiece on the BSE following a flat opening, a day after the carrier announced a cut of 10 per cent in its workforce as it grapples with declining revenues due to the fallout from the COVID-19 pandemic.
Market breadth was highly positive, with an advance-decline ratio of more than 2:1, as 1,285 stocks on the BSE traded higher against 540 that succumbed to losses.
Very interesting,good job and thanks for sharing such a good blog. Your article is so convincing that I never stop myself to say something about it. You’re doing a great job. Keep it up and kindly visit us...
ReplyDeleteForex
Forex market
Forex Trading
Forex charts