Sensex, Nifty pare early losses, turn positive in opening trade; Reliance, TCS, Infosys post gains IndusInd Bank was the top gainer in the Sensex pack, rising around 4.50 percent, followed by Dr Reddy’s, PowerGrid, Tech Mahindra and Axis Bank
Mumbai: Equity benchmark Sensex pared early losses and turned positive in opening trade on Wednesday amid gains in index-heavyweights Reliance, TCS and Infosys.
After shedding over 60 points, the 30-share index made a U-turn and was trading 130.17 points or 0.26 percent higher at 49,927.89.
The benchmark indices turned choppy in the first hour of trade. the broader NSE Nifty gained 53.85 points or 0.37 percent to 14,701.70.
Sensex @ 50K: Market zooms to record highs on Budget euphoria. Key factors
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Broader market indices traded with gains outperforming their headline peers in the morning trade. Nifty Smallcap was up 0.92 per cent while Nifty Midcap added 1 per cent.
After opening in the green, benchmark indices moved higher. At 10.05 am, BSE flagship Sensex was up 295 points or 0.59 per cent to 50,093.
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NEW DELHI: Buying continued on Dalal Street for a third straight day on Wednesday as benchmark indices hit fresh record highs in the morning session, led by a favourable Union Budget, superior earnings and positive global cues.
IndusInd Bank was the top gainer in the Sensex pack, rising around 4.50 per cent, followed by Dr Reddy's, PowerGrid, Tech Mahindra, M&M, Sun Pharma and Axis Bank. On the other hand, Maruti, Kotak Bank, SBI and UltraTech Cement were among the losers.
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Sensex hits all-time high of 50,321, Nifty crosses 14,800; IndusInd Bank, Dr Reddy s, PowerGrid top gainers
While Sensex rose 524 points to record high of 50,321, Nifty gained 163 points to a fresh high of 14,810
BusinessToday.In | February 3, 2021 | Updated 11:09 IST
IndusInd Bank was the top gainer in the Sensex pack, rising around 4.50 per cent, followed by Dr Reddy s, PowerGrid, Tech Mahindra, M&M, Sun Pharma and Axis Bank.
Sensex and Nifty hit their all-time highs in early trade as investors were enthused by a Budget aimed at economic recovery amid Covid -19 crisis. While Sensex rose 524 points to record high of 50,321, Nifty gained 163 points to a fresh high of 14,810.