Markets rally for 2nd day: Sensex jumps 874 points; Nifty tests 17,400


PTI, Apr 21, 2022, 5:07 PM IST

Credit: Getty Images

 

Equity markets maintained their winning momentum for the second day in a row on Thursday, with the Sensex surging over 874 points, propelled by index majors Reliance Industries, Infosys and HDFC twins amid a mixed trend in global markets.

The BSE benchmark Sensex zoomed 874.18 points or 1.53 per cent to finish at 57,911.68. During the day, it jumped 954.03 points or 1.67 per cent to 57,991.53.

The NSE Nifty rallied 256.05 points or 1.49 per cent to 17,392.60.

From the 30-share Sensex pack, M&M, Maruti, Bajaj Finserv, Asian Paints, Reliance Industries, Kotak Mahindra Bank, HDFC, TCS, Sun Pharma, Infosys and IndusInd Bank were among the major gainers.

In contrast, Tata Steel, Nestle and Bharti Airtel were the laggards.

Elsewhere in Asia, markets in Tokyo and Seoul settled in the green, while Hong Kong and Shanghai ended lower.

Markets in Europe were trading mostly higher in the afternoon session.

Stocks in the US had ended on a mixed note on Wednesday.

International oil benchmark Brent crude gained 1.40 per cent to USD 108.3 per barrel.

”Bulls came back strongly today after a pretty long wait helped by the Energy sector which is seeing robustness in gross refining margins. Almost all sectoral indices led by Automobiles traded in the Green with the volatility index cooling off. ”Accumulation seen in some of the big boys which led the fall during the last one week helped the Bulls get back strongly today,” according to S Ranganathan, Head of Research at LKP securities.

Foreign institutional investors continued their selling spree, offloading shares worth a net Rs 3,009.26 crore on Wednesday, according to stock exchange data.

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

Top News

Ensure safety of minorities: India on arrest of Hindu leader Chinmoy Das in Bangladesh

Sad to see you go, hope we can reunite: Delhi Capitals’ co-owner to Rishabh Pant

SC grants bail to 2 convicts in two-decade-old murder case of Chhattisgarh NCP leader

Those against Constitution are speaking about changing it, says Karnataka CM

Constitution provided roadmap for progress: Delhi HC Chief Justice Manmohan

Independence will be jeopardised if parties place creed above country, says Dhankhar

Adityanath calls for following ideals of Constitution; Akhilesh slams BJP for ‘political duplicity’

Related Articles More

Essar Group co-founder Shashi Ruia dies at 80

Sensex, Nifty climb in early trade amid fresh foreign fund inflows

RBI Governor Shaktikanta Das hospitalised

Sensex reclaims 80k mark; Nifty surges over 1% after BJP-led Mahayuti’s win in Maharashtra

Rapid digital expansion to create over 1 lakh new jobs in fiber tech in India in next 5 years

MUST WATCH

Coconut Flower

Prakash Belawadi

Naxal Leader Vikram Gowda

Christmas Cake Fruit Mixing

DK Shivakumar


Latest Additions

Ensure safety of minorities: India on arrest of Hindu leader Chinmoy Das in Bangladesh

Rituals being conducted at temples for Shinde’s continuation as Maharashtra CM

BJP in no hurry to announce CM candidate until portfolio allocation finalised: sources

Atishi inaugurates 24×7 underground shooting range in Delhi’s Rohini

Sad to see you go, hope we can reunite: Delhi Capitals’ co-owner to Rishabh Pant

Thanks for visiting Udayavani

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