Markets

Market

News Details

(01/12/2021 10:13)

Sensex surges 498 pts; Metal, IT stocks support

Domestic bourses were trading higher on Wednesday on the back of a strong GDP growth of over 8 per cent in Q2. With this, India continues to remain the fastest growing large economies in the world. That apart, firm Asian cues also supported the sentiment on the Street.

At 10:00 hours, the 30-share benchmark index was trading at 57563.49 up by 498.62 points or by 0.87 % and then NSE Nifty was at 17138.6 up by 155.4 points or by 0.92 %.

Sensex touched intraday high of 57765.47 and intraday low of 57365.85 The NSE Nifty touched intraday high of 17202.05 and intraday low of 17079.75

The top gainers of the BSE Sensex pack were IndusInd Bank Ltd. (Rs. 915.50,+3.61%), Maruti Suzuki India Ltd. (Rs. 7258.00,+2.43%), Housing Development Finance Corporation Ltd. (Rs. 2735.15,+2.20%), Mahindra & Mahindra Ltd. (Rs. 1574.25,+2.15%), HCL Technologies Ltd. (Rs. 1156.40,+1.50%), among others.

The top losers of the BSE Sensex pack were Dr. Reddy's Laboratories Ltd. (Rs. 4628.65,-1.12%), Mahindra & Mahindra Ltd. (Rs. 829.95,-0.69%), Sun Pharmaceutical Industries Ltd. (Rs. 749.95,-0.53%), Kotak Mahindra Bank Ltd. (Rs. 1954.70,-0.38%), Titan Company Ltd. (Rs. 2366.50,-0.35%), among others.

Among the sectors, Metal index was at 18436.73 up by 218.94 points or by 1.2%. Hindalco Industries Ltd. (Rs. 421.95,+2.38%), JSW Steel Ltd. (Rs. 621.30,+2.12%), NMDC Ltd. (Rs. 134.90,+1.24%), Coal India Ltd. (Rs. 153.75,+1.18%), Jindal Steel & Power Ltd. (Rs. 348.55,+1.12%),.

Power index was at 3426.39 down by -30.17 points or by -0.87%. Adani Transmission Ltd. (Rs. 1717.40,-5.00%), Indian Energy Exchange Ltd. (Rs. 716.15,-3.75%), Thermax Ltd. (Rs. 1719.00,-1.86%), Bharat Heavy Electricals Ltd. (Rs. 58.45,-0.76%), ABB India Ltd. (Rs. 2054.50,-0.67%),.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2975 , shares advanced were 1720 while 1138 shares declined and 117 were unchanged.