• January 24, 2024

Sensex Bounces Back With 690 Point Surge After Tuesday Setback, Reclaims 71K Mark – News18

Sensex Bounces Back With 690 Point Surge After Tuesday Setback, Reclaims 71K Mark – News18
Share

A total of 25 stocks of the 30-share benchmark settled in green, while 43 constituents of the NSE Nifty witnessed gains.

Equity benchmark indices Sensex and Nifty rebounded sharply by 1 per cent on Wednesday

Equity benchmark indices Sensex and Nifty rebounded sharply by 1 per cent on Wednesday after sliding for the past two sessions, propelled by bargain hunting in metal, commodity and telecom stocks.

Trading through a patchy track in the opening session, the 30-share BSE Sensex gradually gained ground and jumped 689.76 points, or 0.98 per cent, to settle at 71,060.31.

The benchmark moved between an intra-day high of 71,149.61 and a low of 70,001.60.

Also Read: Terrible Tuesday! Why Sensex Crashed Today? Will Stock Market Bounce Back?

On Tuesday, Sensex fell 1,053.10 points or 1.47 per cent to settle at 70,370.55. Nifty also declined 330.15 points or 1.53 per cent to close at 21,241.65.

Foreign Institutional Investors (FIIs) were net sellers in the capital markets on Tuesday, as they offloaded shares worth Rs 3,115.39 crore, according to exchange data.

Stock Market Update Today

The broader NSE Nifty also closed 215.15 points or 1.01 per cent higher at 21,453.95.

Among the Sensex firms, major winners included Tata Steel, rising 3.77 per cent, followed by HCL Tech, which gained 3.62 per cent.

IndusInd Bank and PowerGrid closed with a gain of 3,60 and 3.34 per cent, respectively. Other gainers were Tech Mahindra, Hindustan Unilever, Bajaj Finserve and Bharti Airtel, among others.

On the other hand, ICICI Bank, Axis Bank, Asian Paints, Bajaj Finance and TCS were the only laggards, sliding up to 2.94 per cent.

A total of 25 stocks of the 30-share benchmark settled in green, while 43 constituents of the NSE Nifty witnessed gains.

Elsewhere in Asia, Japan’s Nikkei 225 lost 0.80 per cent, and Hong Kong’s Hang Seng gained sharply by 3.56 per cent. China’s Shanghai Composite also ended 1.80 per cent higher.

European markets were higher on Wednesday, with Germany’s DAX and CAC 40 of France gaining 1.00 per cent and 0.58 per cent. London’s FTSE 100 rose 0.29 per cent.

In the US markets, the Dow closed 0.25 per cent lower on Tuesday, while the S&P 500 settled 0.29 per cent higher and tech-heavy Nasdaq closed the session 0.43 per cent higher.

Meanwhile, Brent crude futures, the global oil benchmark, were trading higher by 0.58 per cent to USD 80.01 per barrel on Wednesday.

(With PTI inputs)



Source


Share

Related post

Maharashtra polls: Nifty, Sensex closed today, FPIs sold equities of Rs 3,411.73 crore on Nov. 19

Maharashtra polls: Nifty, Sensex closed today, FPIs sold…

Share Domestic stock markets on November 19, 2024 showed some bounce back after consistent selling pressure at the…
Sensex drops 110 points; Nifty falls for sixth day on FII selling, inflationary concerns

Sensex drops 110 points; Nifty falls for sixth…

Share From the 30-share Sensex pack, Hindustan Unilever, NTPC, Nestle, IndusInd Bank, Power Grid, Adani Ports, Tata Motors…
Market crash: Investors become poorer by ₹13 lakh crore; Sensex tanks 2.27% in two days

Market crash: Investors become poorer by ₹13 lakh…

Share From the 30-share Sensex pack, Mahindra & Mahindra, Tata Steel, Adani Ports, JSW Steel, IndusInd Bank, Reliance…