The Benchmark Sensex rose more than 600 points on Tuesday morning after gains from ICICI Bank, Infosys, and Reliance Industries amid positive trends in other Asian markets.
The 30 stock index rose 635.96, or 1.14%, to close at 56457.97. Nifty also closed at 16,801.25, up 187.05 points or 1.13%.
HCL Tech rose the most, up about 3% in the Sensex package, followed by Tech Mahindra, Tata Steel, Wipro, NTPC, and Titan.
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- Bajaj Finance saw strong capital growth, but the street was overshadowed by lending books
- ICICI Bank Q1 revenue: Up 50% YoY to Rs 6,905 crore; NII exceeded 21%
- Q1 GDP Results: Net profit down 70% YoY to Rs 308 crore
On the other hand, bank centrism was the only loser.
In the previous session, the BSE 30 fell 1,189.73 points (2.90%) to close at 55,822.01, while the Nifty fell 371 points (2.18%) to close at 16,614.22.
Foreign Institutional Investors (FII) sold Rs 356,536 million worth of shares on the stock market on Monday, according to a stock exchange report.
Global selling sentiment driven by Omicron’s explosive growth is likely to continue in the short term. VK Vijayakumar, the investment strategist at Geojit Financial Services, said the ongoing sale of FII (over Rs 3 billion in December) has created a major headwind in the market.
However, it is important to note that investing in India is a bargain sale and not a casual sale. Industrial investments are on sale from November 1 to December 15. The share capital of the bank is 19.442 billion rubles. Between 2015 and 2020, they made huge gains in bank stocks. Therefore, he considered it rational to follow interests.
When anything is valuable, the Institute of India neither sells nor diverts buyers. At the same time, DII sees value and inventory in many affected sectors.” This is true.
In Asia, stock markets such as Shanghai, Hong Kong, Tokyo, and Seoul rose in the middle.
The US stock market closed in the red the day before.
Meanwhile, international Brent crude rose 0.80% to $72.09 a barrel.
The Sensex jumped 113 points to 17,248 points. Bajaj Finance, Infosys, Titan, Top RIL Earners
Bajaj Finance led the Sensex, up 2.61%, followed by Infosys, Titania, Reliance Industries, and HCL Tech.
Maruti, Bajaj Auto, and Sol Pharma lead the Sensex, down 1.51%. Sensek 30 Chips 14 rose. The market capitalization of BSE-listed companies today decreased to Rs 26,403 billion from Rs 26,440 billion in the previous session.
The indices of small and medium exchanges fell by 176 points and 189 points respectively. By sector, the shares of information technology and consumer durables are increasing.
The Belgrade Stock Exchange information technology index rose 437 points to 35,494 points, while the Belgrade Stock Exchange commodities index rose 181 points to 43,272 points.
Gaurav Ratnaparki, Head of technical research at Sharakhan said: Retest 17400-17170 in the short-term range of Nifti&U. The next few days of the session are limited.
However, market depth was negative, with 1,496 out of 1,858 stocks in the red. 99 unmoved shares.
The benchmarks fell on Wednesday after the benchmarks of Infosys, Bajaj Finance and HDFC were among the mixed in the global market. The Sensex fell 329.06 points to 57,788.03 and the Nifty fell 103.50 points to 17,221.40. Bajaj Financial led the Sensex with a decline of more than 3.10%, followed by Bajaj Finserv, PowerGrid, ITC, and TCS.
Shares worth Rs. sold by foreign institutional investors (FIIs).
Meanwhile, the rupee rose 23 levels against the US dollar to close at 76.09 on Friday. In the foreign interbank foreign exchange market, the local currency opened against the dollar at 76.31 and hit an intraday high of 76.06.
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Trust Industries: Mukesh Ambani’s Trust has just bought a 25.8% stake in Indian fast-food maker Danzo for $200 million (Rs 1,488 crore).
Titan: Tata Group saw “strong demand” in its consumer products business, which grew 36% in the fourth quarter of last year. The company also noted that the holiday shopping season in October and November has seen a “resurrection” in jewelry demand.
HCL Technologies: The IT giant has announced the completion of the acquisition of a 51% stake in Gesellschaft für Banksysteme GmbH (GBS) of Germany. In December, HCL Technologies announced that it would buy a 51% stake in GBS.
RIL and TI stocks pushed the Sensex up 1,041 points. 16,650 people; it’s 9 percent
Equity Weekend: Equity markets rose against their global counterparts, even as Brent crude oil prices climbed above $120 a barrel. The S&P BSE Sensex rose 1,041 points, or 1.9%, to 55,926. The Nifty50 also rose 309 points, or 1.89%, to 16,661, beating its all-time high of 16,650.
The BSE Midcap and Smallcap indices also rose by more than 2% each.
Among stocks, Titan, Infosys, M&M, L&T, Trust Industries, HCL Tech, TCS, and Tech M gained between 3% and 5%. And Ultratech Cement, Bajaj Finance, Wipro, Bharti Airtel, and HDFC each had more than 1.5%.
In the SME segment, 3M India, Jubilant Foods, IRCTC, Crompton Boots, Ashoka Buildcon, Tech Industries, and Unichemi Labs are leading.
By sector, the Nifty IT and Realty indices rose 4% each. good bank PSU index 3.3%; and Nifty Auto Index 2%.
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European indices rose on Monday as the US dollar weakened. The pan-European 600 rose 0.8% in early trading, while tech stocks gained 2.5%. US markets are closed on Monday.
In East Asia, Japan’s Nikkei 225 rose 2.3% and South Korea’s Kospi 1.2%.