Advertisement
Friday, Dec 09, 2022
Outlook.com
Outlook.com

Sensex Rallies Over 350 Points To Hit Record Intra-Day High; Nifty Tops 15,850

The 30-share BSE index traded at 374.92 points or 0.71 per cent higher at 52,949.38 in initial deals

Sensex Rallies Over 350 Points To Hit Record Intra-Day High; Nifty Tops 15,850
Index-heavyweights Reliance Industries, HDFC twins and ICICI Bank, tracked gain, amid a positive trend in global equities. | Representational Image
Sensex Rallies Over 350 Points To Hit Record Intra-Day High; Nifty Tops 15,850
outlookindia.com
2021-06-22T10:42:04+05:30

Equity benchmark Sensex rallied over 350 points to scale a fresh intra-day record in early trade on Tuesday, tracking gains in index-heavyweights Reliance Industries, HDFC twins and ICICI Bank, amid a positive trend in global equities.

After touching a lifetime intra-day peak of 52,957.13, the 30-share BSE index was trading 374.92 points or 0.71 per cent higher at 52,949.38 in initial deals. Similarly, the broader NSE Nifty surged 115.05 points or 0.73 per cent to 15,861.55.

Maruti was the top gainer in the Sensex pack, rising over 2 per cent, followed by M&M, L&T, TCS, ICICI Bank, SBI and HDFC twins.

On the other hand, Nestle India and Bajaj Finance were the laggards.

In the previous session, Sensex ended 230.01 points or 0.44 per cent higher at 52,574.46. Similarly, the Nifty advanced 63.15 points or 0.40 per cent to 15,746.50.

Foreign institutional investors (FIIs) were net sellers in the capital market as they offloaded shares worth Rs 1,244.71 crore on Monday, as per provisional exchange data.

According to Binod Modi Head-Strategy at Reliance Securities, domestic equities look to be good as of now following firm global cues.

US stocks finished sharply higher with Dow and S&P 500 recording 1.4-1.8 per cent gains as investors focused on strengthening of the US economy and strong corporate earnings, Modi noted.

Elsewhere in Asia, bourses in Shanghai, Seoul and Tokyo were trading with gains in mid-session deals, while Hong Kong was in the red.

Further, India's daily caseload falling below 60,000 and ramp-up in vaccination programmes offer comfort, Modi said, adding that expectations of sharp improvement in high frequency key economic indicators from the current month supported by ease of business curbs in various states should continue to offer support to corporate earnings.

Meanwhile, international oil benchmark Brent crude was trading 0.35 per cent higher at USD 75.16 per barrel.

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