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Sensex rallies over 500 points in early trade
Equity benchmark Sensex rallied over 500 points in opening trade on Friday, buoyed by gains in financial and IT stocks amid positive global cues. The 30-share BSE index was trading 503.28 points or 0.98 percent higher at 51,782.79, and the broader NSE Nifty was quoting 144.35 points or 0.95 percent up at 15,319.15.
L&T was the top gainer in the Sensex pack, rising around 2 percent, followed by ONGC, NTPC, HDFC Bank, SBI, IndusInd Bank, ICICI Bank, SBI, Infosys, and TCS.
On the other hand, Bajaj Auto, Sun Pharma, HUL, and Maruti were among the laggards.
In the previous session on Wednesday, the Sensex ended 254.03 points or 0.50 percent higher at 51,279.51, and the Nifty rose 76.40 points or 0.51 percent to 15,174.80.
Synopsis
FIIs clocked their largest single-day outflow of a provisional ₹8,295.17 crore from Indian equities on Friday, but remained cumulative net buyers of index futures Nifty and Bank Nifty to the extent of 29,211 contracts on the first day of the March derivatives.
iStock
FIIs have largely been net buyers of index futures since the beginning of the current fiscal, except for a few days in May and October-November of last year.
MUMBAI: Foreign institutional investors (FIIs) sold the most shares by value on a single day Friday, but market analysts cite their cumulative net bullish stance on index futures Nifty and Bank Nifty to claim that the correction from February 16’s record high of 15,431.75 might have more or less played out.
Sensex tanks over 1,000 points in opening trade
India
Published: Friday, February 26, 2021, 10:23 [IST]
New Delhi, Feb 26: Equity benchmark Sensex tanked over 1,000 points in the opening session on Friday tracking losses in index majors ICICI Bank, HDFC twins and Reliance Industries amid a negative trend in global markets.
After touching a low of 49,950.75, the 30-share BSE index was trading 927.21 points or 1.82 per cent lower at 50,112.10.
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Similarly, the broader NSE Nifty was quoting 270.40 points or 1.79 per cent down at 14,826.95.
IndusInd Bank was the top loser in the Sensex pack, shedding around 3 per cent, followed by ICICI Bank, Axis Bank, HDFC, M&M, SBI, HDFC Bank, Reliance Industries and Tech Mahindra.
Greenberg Traurig's China Newsletter update for winter 2021 covering QFII and RQFII provisions, QFII/RQFII Rules, Foreign Direct Investment, Drug Registration administrative measures, MAH systems and more.
Foreign portfolio investment (FPIs) pumped in Rs 24,204 crore into Indian equities and Rs 761 crore in the debt segment, taking the total net investment to Rs 24,965 crore during February 1-19