Sensex Surges Over 200 Points In Early Trade, Nifty Tops 14,700
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Send Market benchmark Sensex jumped over 200 points in early trade on Tuesday, tracking gains in index majors ICICI Bank, HDFC Bank and Axis Bank amid a mixed trend in global equities.
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Mumbai:
The 30-share BSE index rose 242.57 points or 0.50 per cent to 48,961.09 in initial deals.
Similarly, the broader NSE Nifty advanced 78.05 points or 0.53 per cent to 14,712.20.
ONGC was the top gainer in the Sensex pack, gaining around 2 per cent, followed by Axis Bank, ICICI Bank, IndusInd Bank, SBI, Bajaj Finance and NTPC.
On the other hand, Titan, HUL, Reliance Industries, PowerGrid, Sun Pharma and Infosys were among the laggards.
Sensex rises over 200 points in early trade
PTI
Mumbai |
Updated on
ICICI Bank, HDFC Bank and Axis Bank notch up gains; Nifty tops 14,700 Market benchmark Sensex jumped over 200 points in early trade on Tuesday, tracking gains in index majors ICICI Bank, HDFC Bank and Axis Bank amid a mixed trend in global equities. The 30-share BSE index rose 242.57 points or 0.50 per cent to 48,961.09 in initial deals. Similarly, the broader NSE Nifty advanced 78.05 points or 0.53 per cent to 14,712.20. ONGC was the top gainer in the Sensex pack, gaining around 2 per cent, followed by Axis Bank, ICICI Bank, IndusInd Bank, SBI, Bajaj Finance and NTPC.
Sensex Surges Over 200 Points In Early Trade; Nifty Tops 14,700
In the previous session, Sensex finished 63.84 points or 0.13 per cent lower at 48,718.52, and Nifty closed 3.05 points or 0.02 per cent higher at 14,634.15.
PTI 04 May 2021 Representational Image PTI 2021-05-04T10:25:58+05:30 Sensex Surges Over 200 Points In Early Trade; Nifty Tops 14,700 outlookindia.com 2021-05-04T10:27:20+05:30
Market benchmark Sensex jumped over 200 points in early trade on Tuesday, tracking gains in index majors ICICI Bank, HDFC Bank and Axis Bank amid a mixed trend in global equities.
The 30-share BSE index rose 242.57 points or 0.50 per cent to 48,961.09 in initial deals.
Similarly, the broader NSE Nifty advanced 78.05 points or 0.53 per cent to 14,712.20.
FPIs bet big on private insurers
May 04, 2021
Between FY19 and FY21, FPIs pumped in ₹52,527 crore into the insurance sector
Foreign portfolio investors (FPIs) are going strong on the Indian insurance sector. Bolstered by a strong growth in new business premium and profitability besides sensing a huge scope for insurance penetration, FPIs have been substantially increasing their stake in listed private insurers over the last 2-3 years.
Between FY19 and FY21, FPIs pumped in ₹52,527 crore into the sector.
Explosive growth
“Insurance industry in India is on the cusp of explosive growth. Even now insurance penetration (insurance premia as percentage of GDP) in India is abysmally low at 3.72 percent,” VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said. “The upcoming five years are expected to witness 13-15 percent growth of the industry. Eying this opportunity, all investors – FIIs, DIIs, HNIs – have been scaling up investments in the sec
While the March quarter earnings season - that is Q4FY21 is still in full swing, the early set of numbers that have come in over the past month point towards a strong performance, mainly on account of a low base over the previous quarter. But have these numbers met Street expectations and what have been the hits and misses so far? That apart, we will also get a glimpse of what lies ahead for India Inc in fiscal 2021-22. Will the lockdown and mobility curbs imposed across several key states impact corporate performance, especially the services and manufacturing sectors? Are we staring at earnings downgrades in the quarters ahead?