Advertisement
Sunday, May 29, 2022
Outlook.com
Outlook.com

Sensex Rallies Over 270 Points In Early Session; Nifty Reclaims 15,000-Level

The 30-share Sensex was trading at 50,679.19, showing a rise of 273.87 points or 0.54 per cent.

Sensex Rallies Over 270 Points In Early Session; Nifty Reclaims 15,000-Level
Representational Image
Sensex Rallies Over 270 Points In Early Session; Nifty Reclaims 15,000-Level
outlookindia.com
2021-03-08T10:10:48+05:30

The BSE gauge Sensex rallied over 270 points and the NSE Nifty reclaimed the key 15,000-level in early trade on Monday, tracking a robust recovery in global shares.

The 30-share Sensex was trading at 50,679.19, showing a rise of 273.87 points or 0.54 per cent.

Likewise, the broader Nifty was quoted at 15,015.05, up 76.95 points or 0.52 per cent.

On the Sensex chart, ONGC, NTPC, Axis Bank, M&M, HDFC Bank and SBI were major gainers – climbing as much as 4.3 per cent.

Of the Sensex shares, 21 traded in the green.

In other Asian markets, equities staged a strong recovery after witnessing panic sell-offs for a couple of sessions as investors cheered the US Senate passing a USD 1.9 trillion stimulus bill for COVID-19 relief package.

Investor worries also subsided after the rise in bond yields steadied and the US labour department reported stronger-than-expected jobs data for February.

Meanwhile, global crude oil benchmark Brent Futures rose 1.49 per cent to USD 70.73 per barrel.

On Friday, the Sensex had dropped by 440.76 points or 0.87 per cent, and the Nifty had ended lower by 142.65 points or 0.95 per cent.

On a weekly basis, however, the Sensex had gained 1,305.33 points or 2.65 per cent and the Nifty added 408.95 points or 2.81 per cent.

Foreign investors offloaded equities worth Rs 2,014.16 crore on a net basis in Indian capital markets on Friday, according to exchange data.

Advertisement

Outlook Newsletters

Advertisement
Advertisement
Advertisement

Read More from Outlook

Lament Of Separation: Songs Of Habba Khatun, Last Queen Of Kashmir, Still Echo In Valley

Lament Of Separation: Songs Of Habba Khatun, Last Queen Of Kashmir, Still Echo In Valley

In happy times and sad, Habba Khatun’s sensuous songs make both young and old emotional. With the never-ending conflict bringing tragedies to every doorstep, Habba’s lyrics of separation amplify their mourning.

How Indian Laws Govern People’s Right To Love And Live

How Indian Laws Govern People’s Right To Love And Live

In India, only those relationships between a man and a woman are considered to be legitimate when there is a marriage between the two.

Kohli Quits Test Captaincy, Leaves Leadership Vacuum

Kohli Quits Test Captaincy, Leaves Leadership Vacuum

Virat Kohli, 33, had recently stepped down as India's T20I captain and was subsequently removed as the ODI captain.

UP Elections 2022: How Congress Is Harnessing Power Of 'Persecuted' Women To Counter BJP

UP Elections 2022: How Congress Is Harnessing Power Of 'Persecuted' Women To Counter BJP

A Mahila Congress leader, who is the face of the ‘Ladki Hoon, Lad Sakti Hoon’ campaign, however, has accused the party of anti-women bias after she was denied a ticket.

Advertisement