Market at fresh peak: Sensex skyrockets 958 pts; Nifty tops 17,800


PTI, Sep 23, 2021, 4:18 PM IST

Credit: Getty Images

 

Mumbai: Equity benchmark Sensex zoomed 958 points to end at a fresh lifetime high on Thursday, tracking gains in index majors Reliance Industries, HDFC twins and ICICI Bank amid a positive trend in global markets.

Similarly, the broader NSE Nifty soared 276.30 points or 1.57 per cent to its new closing peak of 17,822.95. It touched an intra-day record of 17,843.90.

After scaling a new peak of 59,957.25 during the day, the 30-share Sensex settled 958.03 points or 1.63 per cent up at an all-time high of 59,885.36.

Bajaj Finserv was the top gainer in the Sensex pack, rising over 4 per cent, followed by L&T, HDFC, Axis Bank, SBI, Reliance Industries and IndusInd Bank.

On the other hand, Dr Reddy’s, ITC, Nestle and HUL were the laggards.

Domestic equities witnessed sharp recovery with benchmarks Nifty and Sensex both recording fresh all-time highs, said Binod Modi, Head-Strategy at Reliance Securities.

Favourable FOMC meeting outcome and ease of concerns from possible default of Evergrande aided market rally. Financials and Reliance Industries have dominated market rally, followed by metals, IT and auto, he added.

US Federal Reserve Chair Jerome Powell said the Fed plans to announce as early as November that it will start to taper its monthly bond purchases, should the job market maintain its steady improvement.

Elsewhere in Asia, bourses in Shanghai and Hong Kong ended with gains, while Seoul was in the red. Japanese market was closed for holidays.

Stock exchanges in Europe were also trading on a positive note in mid-session deals.

Meanwhile, international oil benchmark Brent crude slipped 0.12 per cent to USD 76.10 per barrel.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

BJP MP Tejasvi Surya, editors of Kannada news portals booked for allegedly spreading fake news

Egg distribution scheme for school children under scrutiny over alleged mismanagement

India Post M’luru division to offer doorstep service to pensioners for Jeevan Praman certificate

Cong asks PM Modi why Gujarat’s white onion farmers given preferential treatment

Kharge slams Fadnavis, says people of Maharashtra will give a befitting reply to BJP

Doctors report treating ‘petticoat cancer’ in women who might have tied sarees tightly at waist

Incentive fund for SC/ST students of national institutes increased, says Minister Mahadevappa

Related Articles More

Sensex, Nifty fall over 1 pc, snap two-day rally ahead of US Fed interest rate decision

SC orders liquidation of grounded air carrier Jet Airways’ assets

Home-cooked meals become dearer in October on costlier vegetables

Sensex, Nifty surge over 1 pc on heavy buying in IT stocks as Trump set to win US polls

Das says incoming data on GDP growth mixed but positives outweigh negatives

MUST WATCH

Gho Pooja in Deepavali Festival

Melukote Deepavali

Ganapathi Co-operative Society Ltd

Udayavani Chinnara Banna 2024

Annapoorna Aahar | Food Places In Mysore


Latest Additions

DK Child Protection Unit to conduct campaign to raise awareness of child trafficking

Kambala: Tradition and modernity in coastal Karnataka

BJP MP Tejasvi Surya, editors of Kannada news portals booked for allegedly spreading fake news

Prime Minister’s brother Somabhai visits Udupi’s Sri Krishna Matha

M’luru: Flying squad shall curb illegal lotteries and betting, says ADC

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.