Sensex rallies over 600 points, Nifty reclaims 15,000 level
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Market benchmark Sensex rallied over 600 points in early trade on Thursday, driven by gains in index majors Reliance Industries, HDFC twins and Infosys amid a positive trend in Asian equities.
The 30-share BSE index reclaimed the 50,000-level and was trading 606.19 points or 1.22 per cent higher at 50,340.03 in initial deals.
Similarly, the broader NSE Nifty surged 169.30 points or 1.14 per cent to 15,033.85.
IndusInd Bank was the top gainer in the Sensex pack, rising around 3 per cent, followed by Axis Bank, Bajaj Finance, Bajaj Finserv, ONGC, Kotak Bank and Reliance Industries.
On the other hand, Nestle India, HCL Tech and Sun Pharma were the laggards.
Sensex Rallies Over 600 Points In Early Trade; Nifty Reclaims 15,000 Level
The 30-share BSE index reclaimed the 50,000-level and was trading 606.19 points or 1.22 per cent higher at 50,340.03 in initial deals.
PTI 29 April 2021, Last Updated at 10:08 am File photo PTI 2021-04-29T10:07:08+05:30 Sensex Rallies Over 600 Points In Early Trade; Nifty Reclaims 15,000 Level outlookindia.com 2021-04-29T10:08:02+05:30
Market benchmark Sensex rallied over 600 points in early trade on Thursday, driven by gains in index majors Reliance Industries, HDFC twins and Infosys amid a positive trend in Asian equities.
The 30-share BSE index reclaimed the 50,000-level and was trading 606.19 points or 1.22 per cent higher at 50,340.03 in initial deals.
Sensex reclaims Mount 50K as D-St extends rally to 4th day: Key factors driving market
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Last Updated: Apr 29, 2021, 12:27 PM IST
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Analysts awaited more large cap companies to report their financial results for the January-March period.
The S&P BSE Sensex index climbed to as high as 50,375.77 in early dealy.
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NEW DELHI: Dalal Street extended a rally to the fourth day in a row on Thursday amid continued buying by domestic institutional investors, with benchmark indices buoyed by the Federal Reserve s decision to continue printing money and superior March quarter earnings back home.
The resilience of the market amidst the gloomy pandemic-related news has taken most market players by surprise. The favourable global market scenario is playing an important role in this vaccine-powered hope trade, said an analyst.
Sensex surges over 350 points, Nifty tests 14,750
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Bajaj Finance was the top gainer in the Sensex pack
Equity benchmark Sensex rallied over 350 points in early trade on Wednesday, tracking gains in index-heavyweights HDFC twins, Bajaj Finance and Infosys.
The 30-share BSE index was trading 351.06 points or 0.72 per cent higher at 49,295.20.
Similarly, the broader NSE Nifty advanced 95.30 points or 0.65 per cent to 14,748.35.
Bajaj Finance was the top gainer in the Sensex pack, rising around 3 per cent, followed by Bajaj Finserv, Bajaj Auto, SBI, IndusInd Bank, M&M, Bharti Airtel, HDFC twins, Kotak Bank and Infosys.
On the other hand, UltraTech Cement, Reliance Industries and Maruti were among the laggards.
Sensex extends gains on Q4 earnings boost. Here s what else is driving D-Street
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US consumer confidence jumped to a 14-month high in April as increased vaccinations against Covid-19 and additional fiscal stimulus allowed for more services businesses to reopen.
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NEW DELHI: Superior earnings from India Inc, especially the banking sector, has given a lease of life to investors who continued their buying spree even as the Covid-19 pandemic reached a grim milestone.
There are some consistent trends in the market now. One, despite the bad news on the pandemic front, the market has been maintaining the upside momentum. Two, FIIs have been consistent sellers and DIIs have been consistent buyers. These trends are likely to continue in the short run and markets are likely to remain strong, said an analyst.