Sensex climbs above 47,000-mark in opening deals, fizzles out minutes later
Share Market Today: The S&P BSE Sensex opened at a fresh record high, rising above the 47,000-mark for the first time to touch 47,026.02, up 135.68 points (0.29 per cent), however, minutes later it gave up all its gains and turned negative. The Nifty too climbed to 13,771.45, up 30.75 points (0.22 per cent), but turned negative after a few minutes. Updated: December 18, 2020 10:43:15 am
A street stands empty near the Bombay Stock Exchange (BSE) in Mumbai, India, on Friday, March 27, 2020. (Photographer: Dhiraj Singh/Bloomberg)
The benchmark indices on the BSE and National Stock Exchange (NSE) kicked off on a volatile note on Friday amid mild weakness in global markets.
Market Update: Sensex closes 224 points up, Nifty ends at 13,740
HDFC, Bajaj Finance, HDFC Bank, IndusInd Bank, Power Grid Corporation of India and Reliance Industries Ltd (RIL), were the top gainers among others.
Bull run continued at the bourses on Thursday as investors lapped up blue-chip stocks. Heavyweights like HDFC, Bajaj Finance, HDFC Bank, and Reliance ended between 0.5 per cent and 3 per cent higher on the S&P BSE Sensex being the top contributors towards the index s rally.
Domestic equity market benchmarks BSE Sensex and Nifty 50 Indian share market benchmarks ended at record closing highs.
BSE Sensex jumped 224 points or 0.48 per cent to end at 46,890 while the broader Nifty 50 ended at 13,740, up 58 points or 0.42 per cent.
Banks lift Sensex, Nifty to record closing highs
Banks lift Sensex, Nifty to record closing highs
Indian shares closed at record highs on Thursday on gains in financial stocks and heavyweight HDFC Bank, continuing a rally that has seen the country s main indexes scale fresh peaks in 18 of 27 sessions.
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Indian shares closed at record highs on Thursday on gains in financial stocks and heavyweight HDFC Bank, continuing a rally that has seen the country s main indexes scale fresh peaks in 18 of 27 sessions.
The blue-chip NSE Nifty 50 index closed 0.42% higher at 13,740.70, while the benchmark S&P BSE Sensex ended 0.48% higher at 46,890.34. At its session high, the Sensex was about seven points shy of crossing the 47,000 level for the first time.
Housing Development Finance Corporation (HDFC) rose 1.62% to Rs 2,388.90, extending gains for fourth day in a row.
The stock has added 4.33% in four sessions from its recent closing low of Rs 2,289.70 on 10 December 2020.
In the past three months, the stock has jumped 35.19% while the benchmark S&P BSE Sensex has added 18.42% during the same period.
In a BSE filing made after market hours yesterday, HDFC said it plans to issue secured redeemable non-convertible dentures (NCDs) of Rs 10 lakh each, aggregating to Rs 5,000 crore (base size of Rs 2,500 crore and Rs 2,500 crore under green shoe option) with a coupon rate of 4.23% per annum on a private placement basis. The NCDs will have a tenor of 14 months and will be redeemed on 18 February 2022.
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