Market roundup: Sensex rallies over 1,000 pts, Nifty ends at 14,982 in extended session

Trading was extended till 5 pm today in both the NSE and BSE after a technical glitch halted trade for over four hours in the national stock exchange

Press Trust of India February 24, 2021 18:12:29 IST
Market roundup: Sensex rallies over 1,000 pts, Nifty ends at 14,982 in extended session

Representational image.

Equity benchmark Sensex closed 1030 points higher at 50,781.69 while the Nifty jumped 274 points to close at 14,982 in a day that saw trading marred in the National Stock exchange for over four hours following a technical glitch.

Trading across segments had come to a halt at the National Stock Exchange at 1140 hrs due to connectivity issues. However, the broader Indian markets were not impacted as communication lines at BSE remained operational.

Minutes before the scheduled closure of trade at 3.30 pm, both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) said their equity and derivatives markets will remain open till 5 pm.

After the resumption of trade at 3.45 pm, NSE Nifty crossed the 15,000-mark reaching the day's high of 15,008.80. However, at the close of the market, the 50-share index settled at 14,982.00, rising 1.86 percent.

The 30-share BSE index rose 1030 points, o​r 2.07 percent, and closed higher at 50,781.69.

BSE Midcap and Smallcap indices closed 0.77 percent and 1.08 percent higher, respectively.

According to a report in CNBCTV18.com, financials lead the rally in indices with Nifty Bank surging nearly 4 percent. "Pvt Banks rose after the embargo on the grant of govt business to private sector lenders was listed," the report said.

At the close of the market, HDFC Bank was the top gainer in the Nifty 50 pack, rising 5.36 percent, followed by Coal India, which rose by 5.26 percent, Axis Bank which rose by 5.19 percent, ICICI Bank which rose by 3.85 percent and Bajaj Finance which rose by 3.37 percent. The laggards at the NSE were UPL, Powergrid, Dr Reddy, JSW Steel and TCS.

Axis Bank led the 30-share BSE Sensex, followed by HDFC Bank, ICICI Bank and HDFC.

The Axis Bank rose 5.23 percent while HDFC Bank rose by 5.12 percent. The top 10 gainers of the day at the BSE Sensex included SBI, L&T, Ultra Cement, Kotak Bank and Reliance. On the other hand, Powergrid, Dr Reddy, TCS, Maruti Suzuki, NTPC, Sun Pharma and Asian Paints were among the laggards.

SEBI seeks report on technical glitch

According to Moneycontrol.com, SEBI has sought a report from the NSE on the technical glitch.

According to the report, top officials of Sebi are upset with the NSE about regular technical glitches on the exchange. “NSE needs to work on its technical architecture which is facing serious issues on a regular basis,” a source told the news website.

Elsewhere in Asia, bourses in Shanghai, Hong Kong, Seoul and Tokyo ended on a negative note. Stock exchanges in Europe, however, were trading with gains in mid-session deals.

Meanwhile, the global oil benchmark Brent crude was trading 0.96 per cent higher at USD 65.10 per barrel. In the forex market, the rupee gained 11 paise to settle at 72.35 against the US dollar supported by positive domestic equities and weakness of the American currency in the overseas market.

With inputs from PTI

Updated Date:

also read

Market Roundup: Indices gain over 1.3%; Mahindra and Mahindra, Bajaj Finserv among top gainers
Business

Market Roundup: Indices gain over 1.3%; Mahindra and Mahindra, Bajaj Finserv among top gainers

After falling by around 3.5 percent on Monday, the BSE Sensex reclaimed the 48,500 mark while the NSE Nifty traded above 14,500

Market Roundup: BSE, NSE close flat after volatile trading day; Asian Paint, Sun Pharma among top gainers
India

Market Roundup: BSE, NSE close flat after volatile trading day; Asian Paint, Sun Pharma among top gainers

The top five gainers of the day were Asian Paint, Sun Pharma, Hindustan Unilever, HDFC and Dr Reddy. Power Grid, Axis Bank, IndusInd Bank, and ICICI Bank were among the worst performers

Market Roundup: Sensex surges 460.37 points, Nifty closes at 14,819.05 after RBI policy; banking stocks lead
Business

Market Roundup: Sensex surges 460.37 points, Nifty closes at 14,819.05 after RBI policy; banking stocks lead

The Reserve Bank of India kept the repo rate unchanged at four percent in its monetary policy meeting earlier today