Sensex, Nifty resume record run on May derivative contracts expiry; NTPC, Bharti Airtel among top gainers
After a day's breather, benchmark Sensex on Thursday resumed its record-setting spree by rallying 330 points on gains in index heavyweights RIL, HDFC and TCS amid expiry of May derivative contracts.
Mumbai: After a day's breather, benchmark Sensex on Thursday resumed its record-setting spree by rallying 330 points on gains in index heavyweights RIL, HDFC and TCS amid expiry of May derivative contracts.
Moreover, the sentiment was driven by renewed hopes from the new government as investors have been keenly awaiting the allocation of key portfolios to ministers. Narendra Modi and his council of ministers are all set to take oath on Wednesday evening.
After soaring over 400 points, the 30-share index ended 329.92 points, or 0.84 percent, higher at 39,831.97 — its fresh-closing high. The gauge hit an intra-day high of 39,911.92 and a low of 39,500.56.
The broader NSE Nifty also settled at a new closing peak at 11,945.90, gaining 84.80 points or 0.71 percent.
NTPC was the top gainer in the Sensex pack, rallying 3.44 percent. Bharti Airtel, Bajaj Finance, TCS, HDFC twins, Yes Bank and RIL too gained up to 2.33 percent.
While, Sun Pharma, M&M, ONGC, IndusInd Bank and Vedanta fell up to 2.39 percent.
Foreign institutional investors (FIIs) sold equities worth Rs 304.27 crore on Wednesday and domestic institutional investors (DIIs) offloaded shares to the tune of Rs 189.58 crore, provisional data available with stock exchanges showed.
Asian bourses ended on a mixed note, while Europe was trading in the green in opening deals.
Meanwhile, the Indian rupee was trading 5 paise lower at 69.88 against the US dollar.
Brent crude, the global benchmark, slipped 0.06 percent to 67.83 per barrel.
Market Roundup: Sensex, Nifty make swift recovery after three-day slide; today's top gainers and losers
At the clsoing bell, the BSE Sensex was up 209.36 points or 0.40 percent at 52,653.07 while the NSE Nifty50 gained 69.05 points or 0.44 percent to close at 15,778.45
Market Roundup: Sensex, Nifty skid for third day as bank stocks tumble; today's top gainers and losers
After plummeting over 700 points in intra-day trade, the 30-share BSE Sensex clawed back some lost ground to end 135.05 points lower at 52,443.71, while the NSE Nifty slipped 37.05 points to close at 15,709.40
Tata Steel, Bajaj Finserv and SBI were among the top gainers at both the BSE Sensex and NSE Nifty50 whereas Dr Reddy and Axis Bank were among the top losers in both the indices