Tuesday, April 20, 2021
Home BUSINESS Sensex rises 277 points; Nifty settles at 11,503; TCS zooms over 7%...

Sensex rises 277 points; Nifty settles at 11,503; TCS zooms over 7% – Times of India

MUMBAI: Rising for the third straight session, market benchmark sensex finished 277 points higher on Monday, propelled by IT and banking counters.
Starting off on a high note, the 30-share BSE gauge zoomed to the day’s peak at 39,263.85, before ceding some ground to settle at 38,973.70, up 276.65 points or 0.71 per cent.
Likewise, the broader NSE Nifty rose 86.40 points or 0.76 per cent to close at 11,503.35.
On the sensex chart, IT major TCS rose the most, gaining over 7 per cent.
In the process, the IT giant became the second Indian firm after Reliance Industries to cross the Rs 10 lakh crore market valuation mark.
Other prominent gainers included Tata Steel, Sun Pharma, Infosys, Tech Mahindra, IndusInd Bank, HCL Tech, ICICI Bank, HUL and HDFC Bank.
On the other hand, Bajaj Finserv, Bajaj Finance, Bharti Airtel, Bajaj Auto, PowerGrid and ITC were among the major laggards.
With the global markets’ focus turning to US President Donald Trump’s recovery from Covid-19, reports of an improvement in his health boosted investor sentiment, according to analysts.
Asian shares rose following Trump’s health update.
On the forex market front, the rupee closed 16 paise lower at 73.29 against the US dollar.
Global crude oil benchmark Brent was trading nearly 3 per cent higher at $40.41 per barrel.
Analysts further said that going ahead, the market’s focus will shift to corporate earnings announcements, with the results season beginning this week.


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...