Home BUSINESS Markets Sensex rallies over 300 points in early trade; Nifty tops 10,500

Sensex rallies over 300 points in early trade; Nifty tops 10,500

Market benchmark Sensex surged over 300 points in early trade on Thursday tracking advances in global equities as positive macroeconomic data flow and hopes of a COVID-19 vaccine boosted investor sentiment.

After touching a high of 35,724.32, the 30-share index was trading 249.01 points, or 0.70%, higher at 35,663.46, while the NSE Nifty rose 76.50 points, or 0.73%, to 10,506.55.

ONGC was the top gainer in the Sensex pack, surging around 4%, followed by M&M, IndusInd Bank, HDFC Bank, SBI and Titan. On the other hand, Tech Mahindra and HUL were the laggards.

In the previous session, the BSE barometer settled 498.65 points, or 1.43%, higher at 35,414.45, and the broader Nifty surged 127.95 points, or 1.24%, to close at 10,430.05.

Foreign institutional investors were net sellers on Wednesday, offloading equities worth ₹1,696.45 crore, provisional exchange data showed.

According to traders, domestic indices followed gains in global benchmarks amid positive factory output data across economies. Further, hopes for a vaccine strengthened after Germany’s BioNTech and U.S. pharmaceutical giant Pfizer reported positive preliminary results from a joint project.

Bourses in Shanghai, Hong Kong, Tokyo and Seoul were trading with significant gains. Stock exchanges on Wall Street too ended on a positive note in overnight session.

International oil benchmark Brent crude futures rose 0.12% to $42.08 per barrel.

You have reached your limit for free articles this month.

Subscription Benefits Include

Today’s Paper

Find mobile-friendly version of articles from the day’s newspaper in one easy-to-read list.

Unlimited Access

Enjoy reading as many articles as you wish without any limitations.

Personalised recommendations

A select list of articles that match your interests and tastes.

Faster pages

Move smoothly between articles as our pages load instantly.


A one-stop-shop for seeing the latest updates, and managing your preferences.


We brief you on the latest and most important developments, three times a day.

Not convinced? Know why you should pay for news.

*Our Digital Subscription plans do not currently include the e-paper ,crossword, iPhone, iPad mobile applications and print. Our plans enhance your reading experience.

Source link


Please enter your comment!
Please enter your name here

Most Popular

Indian Staffing Market will be the largest market in the world, today the industry is an over 6 billion dollar industry, says Mr Sultan...

Mumbai: According to Mr Sultan Khan, Founder & Director of EaseConnect HR Services Pvt. Ltd. Indian Staffing Market will be the largest market in...

HSE Interview Questions & Answers

What is Safety? The condition of being protected from or unlikely to cause danger, risk, or injury is Called Safety. What is the accident? It is an...

Putham Pudhu Kaalai trailer: Five Tamil filmmakers bring five stories of love in the time of Covid-19

The trailer of Amazon Prime’s upcoming Tamil film Putham Pudhu Kaalai was unveiled on Monday by filmmaker Mani Ratnam and composer A.R Rahman. Tamil...