HDFC was top laggard.
FIIs were net sellers in capital market.
Mumbai: Market benchmark Sensex rose over 200 points in early trade on Wednesday, tracking gains in index majors HDFC Bank, Reliance Industries and Infosys ahead of the Reserve Bank chief s speech.
The 30-share BSE index jumped 266.09 points or 0.55 per cent to 48,519.60 in initial deals.
Similarly, the broader NSE Nifty advanced 81.45 points or 0.56 per cent to 14,577.95.
ONGC was the top gainer in the Sensex pack, gaining over 2 per cent, followed by NTPC, IndusInd Bank, Bharti Airtel, Titan, Axis Bank and UltraTech Cement.
On the other hand, HDFC, Nestle India and HUL were among laggards.
RBI Governor Shaktikanta Das will make an unscheduled announcement at 10 am.
The 30-share BSE index jumped 266.09 points or 0.55 per cent to 48,519.60 in initial deals.
Similarly, the broader NSE Nifty advanced 81.45 points or 0.56 per cent to 14,577.95.
ONGC was the top gainer in the Sensex pack, gaining over 2 per cent, followed by NTPC, IndusInd Bank, Bharti Airtel, Titan, Axis Bank and UltraTech Cement.
On the other hand, HDFC, Nestle India and HUL were among laggards.
In the previous session, Sensex ended 465.01 points or 0.95 per cent lower at 48,253.51, and Nifty slumped 137.65 points or 0.94 per cent to 14,496.50.
Foreign institutional investors (FIIs) were net sellers in the capital market as they offloaded shares worth Rs 1,772.37 crore on Tuesday, while domestic institutional investors (DIIs) purchased shares worth Rs 987.34 crore, according to provisional exchange data.
Sensex up 387 poits intraday as RBI’s Covid measures boost sentiment
May 05, 2021
Nifty 50 trades above 14,600; pharma, bank stocks gain
Benchmark indices were trading in the green on Wednesday afternoon, led by pharma and bank stocks. Market, after opening on a positive note, extended gains through the first half.
Market also welcomed a host of measures announced by the RBI Governor Shaktikanta Das.
At 1 pm, the BSE Sensex was ruling 386.74 points higher at 48,640.30, almost near at day s peak level of 48,667.14. The Nifty
50 was also nearing the day’s high of 14,616.10 at 14,609.20, up 112.70 points or 0.78 per cent. It hit an intraday low of 14,506.60.
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NEW DELHI: As India faces the worst wrath of a deadly second wave of the Covid-19 pandemic and markets turn volatile due to various localized curbs and restrictions, investors are rushing towards safe heavens like pharma, FMCG and IT stocks to avoid wealth erosion.
Pharma smallcap
Morepen Laboratories has been thumping rock and roll over the past few weeks; it delivered multibagger returns for last financial year, and has already delivered over 125 per cent return for this financial year so far, up from Rs 32 on April 1. It has so far risen 365 per cent from its 52-week low hit on May 22 last year. The stock has also hit a 19-year high in the process.
Sensex wobbles around flatline as Covid cases fall slightly. What else is impacting market
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ONGC was the top gainer on the 50-scrip index, up 1.76 per cent.
The S&P BSE Sensex index rose as much as 278.01 points to touch 48,996.53 in early deals.
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NSE
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NEW DELHI: Dalal Street started Tuesday s session with some gains as investors witnessed a drop in total coronavirus infections, but benchmark indices slipped below the flatline with risks still remaining high.
This bull market, which has been climbing many walls of worries, is likely to remain resilient supported by positive news on the Covid front, said an analyst. The latest data indicates plateauing of the Covid curve and a steady decline in Covid numbers in 13 states including Maharashtra.