Advertisement
Thursday, Oct 21, 2021
Outlook.com
Outlook.com

Sensex Rallies Over 270 Points In Early Session; Nifty Reclaims 15,000-Level

The 30-share Sensex was trading at 50,679.19, showing a rise of 273.87 points or 0.54 per cent.

Sensex Rallies Over 270 Points In Early Session; Nifty Reclaims 15,000-Level
Representational Image
Sensex Rallies Over 270 Points In Early Session; Nifty Reclaims 15,000-Level
outlookindia.com
2021-03-08T10:10:48+05:30

The BSE gauge Sensex rallied over 270 points and the NSE Nifty reclaimed the key 15,000-level in early trade on Monday, tracking a robust recovery in global shares.

The 30-share Sensex was trading at 50,679.19, showing a rise of 273.87 points or 0.54 per cent.

Likewise, the broader Nifty was quoted at 15,015.05, up 76.95 points or 0.52 per cent.

On the Sensex chart, ONGC, NTPC, Axis Bank, M&M, HDFC Bank and SBI were major gainers – climbing as much as 4.3 per cent.

Of the Sensex shares, 21 traded in the green.

In other Asian markets, equities staged a strong recovery after witnessing panic sell-offs for a couple of sessions as investors cheered the US Senate passing a USD 1.9 trillion stimulus bill for COVID-19 relief package.

Investor worries also subsided after the rise in bond yields steadied and the US labour department reported stronger-than-expected jobs data for February.

Meanwhile, global crude oil benchmark Brent Futures rose 1.49 per cent to USD 70.73 per barrel.

On Friday, the Sensex had dropped by 440.76 points or 0.87 per cent, and the Nifty had ended lower by 142.65 points or 0.95 per cent.

On a weekly basis, however, the Sensex had gained 1,305.33 points or 2.65 per cent and the Nifty added 408.95 points or 2.81 per cent.

Foreign investors offloaded equities worth Rs 2,014.16 crore on a net basis in Indian capital markets on Friday, according to exchange data.

Advertisement

Outlook Newsletters

Advertisement
Advertisement
Advertisement

Read More from Outlook

From The Editor's Desk | Shah Rukh Khan: Look At Him Looking At You

From The Editor's Desk | Shah Rukh Khan: Look At Him Looking At You

Shah Rukh Khan's portrait from the Ommatidia series by Pakistani artist Rashid Rana.

J&K Police Seize All Two-Wheelers On Kashmir Roads In Sudden Move

J&K Police Seize All Two-Wheelers On Kashmir Roads In Sudden Move

Bikers were spotted waiting outside police stations till late evening in Jammu and Kashmir with cops offering no explanation.

Football Risks Losing Its Appeal, Warns FIFA Chief Gianni Infantino

Football Risks Losing Its Appeal, Warns FIFA Chief Gianni Infantino

Infantino made it clear that his organisation — a behemoth in the world of sports — is not solely guided by revenue.

WHO, World Leaders Laud India's 100 Crore Covid Vaccination Landmark

WHO, World Leaders Laud India's 100 Crore Covid Vaccination Landmark

India’s historic 100 crore Covid-19 vaccination landmark is being lauded globally, with WHO appreciating the country’s efforts in combating the pandemic.

Advertisement