Connect with us

Hi, what are you looking for?

[t4b-ticker]
Home » Business » Sensex Climbs About 400 Points To Reclaim 61K-Level In Early Trade

Business

Sensex Climbs About 400 Points To Reclaim 61K-Level In Early Trade

Starting off on a positive note, the BSE gauge was trading 397.48 points or 0.66 per cent higher at 61,014.37 in opening trade.

Representational Image of Stock Market ( Photo: ANI)

Mumbai: The BSE Sensex zoomed nearly 400 points to reclaim the key 61,000-level in opening deals on Wednesday, buoyed by expectations of a good quarterly earnings season. Starting off on a positive note, the BSE gauge was trading 397.48 points or 0.66 per cent higher at 61,014.37 in opening trade.

Similarly, the NSE benchmark Nifty rose 96.50 points or 0.53 per cent to trade at 18,152.25 in early session.

On the Sensex chart, UltraTech Cement, RIL, IndusInd Bank, Bharti Airtel, Kotak Bank and Tata Steel were among the major gainers.

In contrast, TCS, Dr Reddy’s, Titan, Maruti and Wipro were among the major laggards.

In the previous session, the 30-share benchmark ended 221.26 points or 0.37 per cent higher at 60,616.89 and the NSE Nifty gained 52.45 points or 0.29 per cent to finish at 18,055.75.

ALSO READ: Centre To Own 36% In Vodafone Idea, Becomes Largest Shareholder

“The short-term momentum reflects that the market is in complete control of the bulls. The expected good results from the three IT majors today are likely to impart resilience to the market,” said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

Results from the leading banks, starting Saturday, also will be good thanks to declining provisioning and rising net interest margins, he added.

Elsewhere in Asia, markets were trading in the green following higher closing at Wall Street.

Foreign institutional investors (FIIs) were net buyers in the capital market, as they bought shares worth Rs 111.91 crore on Tuesday, according to stock exchange data.

Advertisement. Scroll to continue reading.
Read Full Article

Spotlight

Politics

Over the past few days, social media is abuzz with polarized opinions on criminalizing marital rape. it is not the women this time who...

Videos

According To Comite Champagne, a trade association that represents over 16,000 winegrowers and 320 champagne houses, 180 million bottles of bubbly were exported by...

India

External Affairs Minister Dr S Jaishankar expressed solidarity with the UAE in face of such “unacceptable” acts in a phone call with Foreign Minister...

Entertainment

The singer, whose real name was Michael Lee Aday, sold millions of albums worldwide. His hit single I’d Do Anything For Love (But I...

India

In 1921, Architect Edwin Landseer Lutyens first constructed the main structure of India Gate as a war memorial to many soldiers of the British...

You May Also Like

Entertainment

Even before she was trending on Twitter thanks to Bigg Boss, Shamita Shetty was a part of superhit songs that she is still remembered...

India

Amar Jawan Jyoti flame at India Gate will be extinguished after 50 years and merged with the flame at the National War Memorial.

India

Fake news, communally-charged content, and hate speech is hurting India’s constitutional commitment to free and fair elections. 

India

The party is going to the polls with youth and women in focus and has announced that it will reserve 40 per cent of...

Advertisement