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Sensex Rallies Nearly 700 Points, Nifty Closes Above 14,300 For First Time

Sensex Rallies Nearly 700 Points, Nifty Closes Above 14,300 For First Time


The S&P BSE Sensex rallied over 750 factors and Nifty 50 index climbed above 14,350 as markets broke document highs for tenth session on Friday on the again of a broad-based shopping for curiosity. The Sensex surged as a lot as 761 factors to hit an all-time excessive of 48,854.34 and Nifty 50 index surpassed 14,350 for the primary time. Infosys, Tata Consultancy Providers, Reliance Industries, HDFC Financial institution, Maruti Suzuki, Larsen & Toubro and Tech Mahindra and HCL Applied sciences had been among the many high movers within the Sensex.

  1. The Sensex climbed 689 factors or 1.43 per cent to shut at document excessive of 48,782 and Nifty 50 index surged 210 factors to settle at document 14,347.

  2. Sustained shopping for by overseas institutional traders (FIIs) helps benchmarks surge to new highs. The FIIs purchased shares value Rs 382 crore on Thursday (January 7) after they purchased shares value $23 billion in calendar yr 2020.

  3. Infosys, Tata Consultancy Providers, Reliance Industries, HDFC Financial institution, Maruti Suzuki, Larsen & Toubro and Tech Mahindra had been among the many high movers within the Sensex.

  4. 9 of 11 sector gauges compiled by the Nationwide Inventory Alternate ended larger led by the Nifty IT index’s 3.6 per cent achieve forward of index bellwether Tata Consultancy Providers’ earnings announcement.

  5. Nifty Auto, Media, Pharma and Realty indexes additionally rose between 1.4-3 per cent.

  6. However, Nifty PSU Financial institution and Nifty Metallic indexes ended decrease.

  7. Mid- and small-cap shares additionally witnessed shopping for curiosity as Nifty Midcap 100 index rose 1 per cent and Nifty Smallcap 100 index rose 0.6 per cent.

  8. Maruti Suzuki was high Nifty gainer, the inventory rose 5.8 per cent to shut at Rs 8,004. Maruti, Tech Mahindra, Wipro, UPL, Infosys, Eicher Motors, UltraTech Cement, Energy Grid, Hero MotoCorp and NTPC had been additionally among the many gainers.

  9. On the flipside, Hindalco, IndusInd Financial institution, Tata Metal, Bharti Airtel, GAIL India, JSW Metal and State Financial institution of India had been among the many losers.

  10. The general market breadth was constructive as 1,763 shares ended larger whereas 1,352 closed decrease on the BSE.

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