Market Roundup: Sensex, Nifty rise for third straight day; steel, IT, teck shares rise
On the Sensex chart, Bajaj Finance was the highest gainer with 2.34 p.c rise, adopted by Solar Pharma, Tech Mahindra, Axis Financial institution, Bajaj Auto and Infosys whereas ONGC, Kotak Financial institution, ITC, HDFC Financial institution, PowerGrid, Reliance Industries and Maruti had been the laggards
Mumbai: Home fairness benchmarks Sensex and Nifty rose for the third session in a row on Wednesday, monitoring a rebound in broader Asian markets as easing in bond yields calmed investor jitters globally.
On the closing bell, the BSE gauge Sensex quoted 254.03 factors or 0.50 p.c larger at 51,279.51 taking its three-session positive aspects to 874.19 factors or 1.73 p.c. Whereas the NSE barometer Nifty closed larger by 76.40 factors or 0.51 per cent at 15,174.80 aggregating its three-day positive aspects to 276.70 factors or 1.85 per cent.
On the Sensex chart, Bajaj Finance was the highest gainer with 2.34 p.c rise, adopted by Solar Pharma, Tech Mahindra, Axis Financial institution, Bajaj Auto and Infosys. However, ONGC, Kotak Financial institution, ITC, HDFC Financial institution, PowerGrid, Reliance Industries and Maruti had been the laggards.
Of the Sensex shares, 23 ended within the inexperienced. Sectorally, BSE steel, IT, teck (media & publishing, data know-how & telecommunications sectors), healthcare, primary supplies and client durables indices rose as much as 1.82 p.c. Auto index too rose 0.82 p.c buoyed by encouraging gross sales knowledge.
Passenger automobile gross sales in India elevated 17.92 p.c to 2,81,380 items in February as in contrast with the identical month final yr, auto trade physique SIAM stated on Wednesday. Among the many main sectoral laggards had been oil and fuel, utilities, vitality and energy.
Broader smallcap, midcap and largecap indices outperformed the benchmark by rising as much as 0.95 p.c.
Vinod Nair, head of analysis at Geojit Monetary Providers, stated, “Home markets mirrored optimistic cues from its world friends, monitoring positive aspects from the US market as bond yields pulled again easing issues about rising inflation”.
Elsewhere in Asia, bourses in Shanghai and Seoul ended with losses, whereas Hong Kong and Tokyo settled on a optimistic word. Inventory exchanges in Europe had been largely buying and selling with positive aspects in mid-session offers.
In the meantime, the worldwide oil benchmark Brent crude was buying and selling 0.59 p.c decrease at $67.12 per barrel.
On the foreign exchange market entrance, the rupee edged marginally larger by 2 paise to settle the day at 72.91 towards the US greenback. Home inventory, foreign exchange, debt and commodity derivatives markets will stay closed on Thursday on account of Mahashivratri.
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