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Sensex collected over 500 points in early transactions. Nifty Tops 15,100

Equity benchmark Senssex surged more than 500 points at the start of trading on Tuesday, tracking the rise of index majors HDFC Twin, ICICI Bank and Reliance Industries among various clues from the global market. The BSE index of 30 shares was trading at 50,950.14, which was 509.07 points or 1.01% higher, and the broader NSE Nifty was trading at 15,105.55, which was 149.35 points or 1% higher.

HDFC Bank is the top winner in the Sensex pack, rising about 2%, followed by UltraTech Cement, Bajaj Finance, HDFC, M & M, Tech Mahindra and Asian Paints. On the other hand, ONGC and PowerGrid were lagging behind.

In the previous session, Sensex settled at 50,441.07, 35.75 points or 0.07 percent higher, and Nifty ended at 14,956.20, 18.10 points or 0.12 percent higher. According to exchange data, foreign institutional investors offloaded shares worth Rs 1,494.49 on Monday, resulting in a net sale in the capital markets.

“Rising oil prices, rising US bond yields, and falling INRs could pose a short-term risk to domestic equities, which has already led to an FPI outflow these days,” he said. Bond yields downplay the faster recovery of economic growth, which is unlikely to move north beyond the point. “

In the US, stocks closed with mixed notes in an overnight trade on Monday. “Clearly, the US market is driven by expectations of an accelerated recovery due to aggressive fiscal spending and a faster economic resumption, which could lead to inflation,” Modi added. In other parts of Asia, the Hong Kong and Tokyo stock exchanges were positively trading during the session, while Shanghai and Seoul were in the red.

Meanwhile, world oil benchmark Brent crude was trading at $ 68.88 a barrel, up 0.94%.

Sensex collected over 500 points in early transactions. Nifty Tops 15,100

Source link Sensex collected over 500 points in early transactions. Nifty Tops 15,100

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