Sensex, Nifty rebound over 1 pc amid rally in global markets
PTI, May 8, 2023, 4:20 PM IST
Representative Image (Source: Pinterest)
Mumbai: Equity benchmark BSE Sensex rebounded more than 1 per cent while Nifty reclaimed the 18,200 level on Monday, boosted by heavy buying in banking, financial and auto stocks amid a rally in global stock markets.
Besides, continuous foreign fund inflows further bolstered sentiment, traders said. The 30-share BSE Sensex rallied 709.96 points or 1.16 per cent to settle at 61,764.25. During the day, it jumped 799.9 points or 1.31 per cent to 61,854.19.
On similar lines, the broader NSE Nifty climbed 195.40 points or 1.08 per cent to end at 18,264.40.
Among the Sensex firms, IndusInd Bank jumped 5.08 per cent. The other winners were Tata Motors, Bajaj Finance, Bajaj Finserv, NTPC, HCL Technologies, Mahindra & Mahindra, Axis Bank, Maruti and Kotak Mahindra Bank.
Value buying in index heavyweights Reliance, HDFC Bank and ICICI Bank added to the momentum. Sun Pharma, Larsen & Toubro and Nestle were the laggards.
In Asian markets, Seoul, Shanghai and Hong Kong ended with gains, while Tokyo settled lower.
Markets in Europe were trading in the green. The US markets ended with significant gains on Friday.
Foreign Institutional Investors (FIIs) were net buyers on Friday as they bought equities worth Rs 777.68 crore, according to exchange data.
Meanwhile, global oil benchmark Brent crude climbed 1.79 per cent to USD 76.65 per barrel.
The rupee pared initial gains to settle lower by 2 paise at 81.80 (provisional) against the US dollar on Monday.
The BSE benchmark had tanked 694.96 points or 1.13 per cent to settle at 61,054.29 on Friday. The Nifty fell 186.80 points or 1.02 per cent to end at 18,069.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Kidnapped for ransom in 1998, 26/11 survivor Gautam Adani faces biggest trial
Gautam Adani charged in US with USD 250 mn bribery, fraud
India’s GDP growth likely to slip at 6.5 pc, maintains 7 pc estimate for FY25: Icra
RBI cautions public about ‘deepfake’ video of governor being circulated on social media
We disagree with decision, plan to appeal: Meta on CCI imposing Rs 213-cr penalty
MUST WATCH
Latest Additions
PM Modi leaves for home after concluding three-nation visit
Siddaramaiah says confident of winning all three bypolls in Karnataka
Hop on! IT Minister Priyank Kharge checks out Uber Shuttle at Bengaluru Tech Summit
Actress Kasthuri released from jail, says ‘I thank those who made me raging storm’
Kidnapped for ransom in 1998, 26/11 survivor Gautam Adani faces biggest trial
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.