Markets
BSE See NSE See 52,588.71
14.25 (0.03%)

Sensex & Nifty continue to rally; SBI hits fresh 52-week high, ITC jumps more than 6 per cent

Geyatee Deshpande
/ Categories: Mindshare, DSIJ News
Rate this article:
5.0
Sensex & Nifty continue to rally; SBI hits fresh 52-week high, ITC jumps more than 6 per cent

On Thursday, bulls continued to dominate the domestic stock markets. Sensex rallied by 358.54 points or 0.71 per cent to close 506.29 levels while Nifty rose by 105.70 points or 0.71 per cent to settle at 14,895.65. 

The shares in the domestic equity market continued their upward trend, driven by Union Budget optimism as investors rushed to take advantage of any intra-dip opportunities.  

In the global markets, Asian indices such as Shanghai Composite index, Hang Seng, Nikkei, and KOSPI underperformed, down by 0.44 per cent, 0.66 per cent, 1.06 per cent and 1.35 per cent, respectively. On the other hand, in the European markets, indices such as DAX and CAC 40 were trading in the green, up by 0.29 per cent and 0.30 per cent, respectively while FTSE 100 traded flat with a positive bias.  

Sensex gainers included ITC that jumped 6.11 per cent, SBI surged 5.73 per cent, Bajaj Finance gained 4.85 per cent, ONGC increased by 4.72 per cent, Mahindra & Mahindra went up by 4.02 per cent, Kotak Mahindra Bank inched higher by 3.21 per cent, Bajaj Finserv rose by 1.96 per cent, etc. 

Sensex losers consisted of Asian Paints that plunged 2.08 per cent, IndusInd Bank slumped 1.68 per cent, Bharti Airtel decreased by 1.49 per cent, Tech Mahindra went down by 1.28 per cent, Titan Company fell by 1 per cent, Infosys weakened by 0.50 per cent, etc. 

Amongst sectoral indices on BSE, the Power index became the biggest gainer, up by 2.56 per cent. 

Previous Article BHEL surges over 6 per cent on commissioning 800 MW supercritical thermal power plant in MP
Next Article RPP Infra JV gains over 2 per cent on bagging orders worth Rs 174.03 crore
Please login or register to post comments.

Get A Call From Industry Experts

Send Otp

   I authorize DSIJ Pvt Ltd to contact me. This will override registry on the NDNC.

DSIJ MINDSHARE

Gati trades at multiyear high; what is reviving the company and what is the Amazon connection?

Gati caters to the e-commerce logistics and the majority of revenues come from not more than couple of major e-commerce players. This may be risky in long run but as the sale increases for Amazon – Gati benefits.

Yogesh Supekar / Article rating: 4.8

Investing is all about betting on the improving prospects.

Quick Heal Technologies soars by 12 per cent; why the sudden interests in Quick Heal Technologies?

Quick Heal Technologies gained nearly 12 per cent on bourses outperforming the broader markets. The stock has been on dalal street’s radar for quite some time now, with analyst becoming bullish on the counter.

Yogesh Supekar / Article rating: 4.4

Quick Heal is up by 57.23 per cent on YTD basis while the stock is up by 148.35 per cent in one year.

First468Last

Knowledge

1234Last