Sensex surges over 500 points in early trade, Nifty tops 14,680
Updated:
Updated:
March 01, 2021 10:32 IST
The Sensex rally was driven by gains across the board as 27 constituents were trading in the green.
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The Bombay Stock Exchange (BSE) building in Mumbai. Photo for representation.
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Reuters
The Sensex rally was driven by gains across the board as 27 constituents were trading in the green. The BSE benchmark Sensex rebounded over 500 points in the opening session on March 1 as investors cheered the domestic economy returning to growth in the October-December period after two quarters of contraction.
The 30-share gauge was trading at 49,608.97, showing a gain of 508.98 points or 1.04% in early session. While the broader NSE Nifty was trading higher by 153.15 points or 1.05% at 14,682.30 in opening deals.
Benchmark indices firmed up once again afternoon trade. The Nifty re-claimed 14,700 mark. Value buying emerged after a heavy selling in the previous trading session.
At 13:20 IST, the barometer index, the S&P BSE Sensex, surged 728.01 points or 1.48% at 49,828.00. The Nifty 50 index advanced 202.20 points or 1.39% at 14,731.35.
Strength in HDFC Bank (up 1.96%), HDFC (up 2.35%) and Infosys (up 2.07%) boosted the indices.
The broader market was trading firm. The S&P BSE Mid-Cap index rose 1.16%. The S&P BSE Small-Cap index gained 1.33%.
Buyers outnumbered sellers. On the BSE, 1,852 shares rose and 1,069 shares fell. A total of 195 shares were unchanged.
Foreign portfolio investors (FPIs) sold shares worth Rs 8,295.17 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 1,499.70 crore in the Indian equity market on 26 February 2021, provisional data showed.
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Market benchmarks Sensex and Nifty registered significant gains on Monday and ended near day s high, tracking positive cues from positive global equities. Reversing from a major sell-off during last week, Sensex ended 749 points higher at 49,849 and Nifty gained by 232 points to 14,761.
The market also reacted to encouraging Q3 GDP data and Markit Manufacturing PMI for February.
Sensex surges over 500 pts in early trade; Nifty tops 14,680
India
Updated: Monday, March 1, 2021, 11:18 [IST]
Mumbai, Mar 01: The BSE benchmark Sensex rebounded over 500 points in the opening session on Monday as investors cheered the domestic economy returning to growth in the October-December period after two quarters of contraction.
The 30-share gauge was trading at 49,608.97, showing a gain of 508.98 points or 1.04 per cent in early session. While the broader NSE Nifty was trading higher by 153.15 points or 1.05 per cent at 14,682.30 in opening deals.
The Sensex rally was driven by gains across the board as 27 constituents were trading in the green.
On Friday, the BSE Sensex had crashed 1,939.32 points or 3.80 per cent to end at 49,099.99 - its worst one-day fall since May 4 last year.
Sensex Surge 750 Points, Nifty Soars 232 Points
According to analysts, the high-frequency indicators may indicate the recovery of the domestic economy
PTI 01 March 2021 outlookindia.com 2021-03-01T17:59:45+05:30
The benchmark BSE Sensex surged nearly 750 points and NSE Nifty rallied over 232 points on Monday as investors cheered the domestic economy returning to positive territory after two-quarters of contraction.
The 30-share BSE index briefly traded above the 50,000-mark during the mid-session, before ending at 49,849.84, showing a rise of 749.85 points or 1.53 per cent.
Likewise, the NSE barometer Nifty settled with a gain of 232.40 points or 1.60 per cent at 14,761.55.
Of the Sensex constituents, 29 closed with gains.