Advertisement
Wednesday, Sep 29, 2021
Outlook.com
Outlook.com

Sensex Rockets 125 Points In Early Trade; Nifty Tops 15,800

In early transactions, the 30-share index was up 125.81 points, or 0.24 percent, at 52,778.88, while the broader NSE Nifty was up 38.55 points, or 0.24 percent, at 15,817.00.

Sensex Rockets 125 Points In Early Trade; Nifty Tops 15,800
BSE Sensex | Representational Image
Sensex Rockets 125 Points In Early Trade; Nifty Tops 15,800
outlookindia.com
2021-07-30T14:10:53+05:30

Equity benchmark Sensex surged over 125 points in early trade on Friday, tracking gains in index majors Tech Mahindra, TCS, and HDFC twins.

In a very volatile start at the markets, both the indices – Sensex and Nifty - were oscillating frequently between the green and red.

The 30-share index was trading 125.81 points or 0.24 percent higher at 52,778.88 in initial deals, while the broader NSE Nifty advanced 38.55 points or 0.24 percent to 15,817.00.

Tech Mahindra was the top gainer in the Sensex pack, rising over 8 percent, followed by HCL Tech, Power Grid, HDFC, Dr. Reddy, and M&M.

Tech Mahindra on Thursday reported a 42.91 percent growth in the June quarter consolidated net profit at Rs 1,365.7 crore on higher revenue and an expansion in profit margins.

Besides, TCS and HDFC Bank gained up to 0.45 percent in early deals.

On the other hand, Bajaj Finserv, SBI, Bharti Airtel, and Asian Paints were among the laggards.

In the previous session, Sensex climbed 209.36 points or 0.40 percent to close at 52,653.07, while the broader NSE Nifty surged 69.05 points or 0.44 percent to 15,778.45.

Foreign institutional investors (FIIs) were net sellers in the capital market as they offloaded shares worth Rs 866.26 crore on Thursday, as per provisional exchange data.

Elsewhere in Asia, bourses in Shanghai, Seoul, Tokyo, and Hong Kong were in the red.

Equities on Wall Street too ended on a positive note in overnight sessions.

Meanwhile, international oil benchmark Brent crude declined 0.68 percent to USD 75.53 per barrel.

Advertisement

Outlook Newsletters

Advertisement
Advertisement

Read More from Outlook

Punjab Congress Crisis: Razia Sultana Steps Down From Cabinet In 'Solidarity' With Sidhu

Punjab Congress Crisis: Razia Sultana Steps Down From Cabinet In 'Solidarity' With Sidhu

Two Punjab Congress office-bearers also resigned from their posts following Navjot Singh Sidhu's resignation from the post of Punjab Pradesh Congress Committee (PPCC) President on Tuesday.

Zojila Tunnel Work Is Challenging But Govt Has Strong Will To Complete It In Time: Gadkari

Zojila Tunnel Work Is Challenging But Govt Has Strong Will To Complete It In Time: Gadkari

The union minister visited the Zojila tunnel, which will be the longest tunnel in Asia, and reviewed the progress of work.

Hardik Blitz Stuns Punjab As Mumbai Revive IPL Playoff Hopes

Hardik Blitz Stuns Punjab As Mumbai Revive IPL Playoff Hopes

Hardik Pandya finally showed glimpses of his destructive prowess with the bat.

Kanhaiya Kumar Joins Congress, Dalit Leader Jignesh Mevani Extends Support

Kanhaiya Kumar Joins Congress, Dalit Leader Jignesh Mevani Extends Support

Former JNUSU President Kanhaiya Kumar was previously with the CPI(M) while Dalit leader Jignesh Mevani is an independent MLA from Gujarat and the convener of RDAM.

Advertisement