Monday, May 29, 2023
English News
  • Hyderabad
  • Telangana
  • Andhra Pradesh
  • India
  • World
  • Entertainment
  • Science and Tech
  • Sport
  • Business
  • ...
    • NRI
    • View Point
    • cartoon
    • Columns
    • Reviews
    • Education Today
    • Property
    • Videos
    • Lifestyle
    • Rewind
E-Paper
  • NRI
  • View Point
  • cartoon
  • Columns
  • Reviews
  • Education Today
  • Property
  • Videos
  • Lifestyle
  • Rewind
Home | Business | Sensex Jumps Over 250 Pts In Early Trade Nifty Above 14200

Sensex jumps over 250 pts in early trade; Nifty above 14,200

Foreign portfolio investors (FPIs) were net sellers in the capital market as they offloaded shares worth Rs 483.64 crore on a net basis on Wednesday, according to provisional exchange data.

By PTI
Published Date - 01:46 PM, Thu - 7 January 21
Sensex jumps over 250 pts in early trade; Nifty above 14,200
whatsapp facebook twitter telegram

Mumbai: Equity benchmark Sensex jumped over 250 points in early trade on Thursday, tracking gains in index majors Reliance Industries, HDFC, and ICICI Bank amid positive trend in global equities. The 30-share BSE index was trading 270.69 points or 0.56 per cent higher at 48,444.75, and the broader NSE Nifty rose 80.95 points or 0.57 per cent to 14,227.20.

PowerGrid was the top gainer in the Sensex pack, rising around 2 per cent, followed by SBI, IndusInd Bank, L&T, Axis Bank, ONGC and Bajaj Finance. On the other hand, Titan, TCS, HUL and Infosys were among the laggards. In the previous session, Sensex ended 263.72 points or 0.54 per cent lower at 48,174.06, and Nifty fell 53.25 points or 0.38 per cent to 14,146.25.

Foreign portfolio investors (FPIs) were net sellers in the capital market as they offloaded shares worth Rs 483.64 crore on a net basis on Wednesday, according to provisional exchange data.

According to Binod Modi Head-Strategy at Reliance Securities, domestic equities look to be firm at the moment. Notably, FPIs turned net sellers after a considerable gap, which suggests profit-booking or sector rotation given sharp returns generated by select sectors like IT, pharma and metals. US equities witnessed sharp recovery mainly on increased prospects of higher fiscal stimulus and capital expenditures towards infrastructure developments as Democrats’ control in both houses of Congress will help Biden to push his agendas, said Modi. “Notably, yesterday’s rebound clearly overlooked the concerns of reversal of lower tax rates and disruption created by Trump’s supporters in the US Capitol where a joint session of Congress was convened to certify Biden’s victory over Trump,” he added. Elsewhere in Asia, bourses in Shanghai, Tokyo and Seoul were trading on a positive note in mid-session deals, while Hong Kong was in the red.

Meanwhile, the global oil benchmark, Brent crude, was trading 0.79 per cent higher at USD 54.73 per barrel.

  • Follow Us :
  • Tags
  • Foreign portfolio investors (FPIs)
  • HDFC
  • Hyderabad
  • ICICI Bank

Related News

  • De-addiction centres set up in 33 districts of Telangana

    De-addiction centres set up in 33 districts of Telangana

  • Heatwave conditions to persist in Hyderabad

    Heatwave conditions to persist in Hyderabad

  • Hyderabad: Jubilee Hills pub under scrutiny for exotic wildlife display during wild jungle party

    Hyderabad: Jubilee Hills pub under scrutiny for exotic wildlife display during wild jungle party

  • Universities from Telangana to tie up with Nanyang Technological University-Singapore

    Universities from Telangana to tie up with Nanyang Technological University-Singapore

  • Sathi Gani Rendu Ekaralu movie review: Low-budget yet high on entertainment

    Sathi Gani Rendu Ekaralu movie review: Low-budget yet high on entertainment

  • Telangana: Badi Bata to begin from June 3

    Telangana: Badi Bata to begin from June 3

Latest News

  • IPL 2023: CSK clinches record-equalling fifth title, beats GT by 5 wickets

    1 hour ago
  • Opinion: Politicisation of populations

    2 hours ago
  • Cognitive impairment linked to consumption of excess salt: Study

    2 hours ago
  • Editorial: Reminiscent of coronation

    2 hours ago
  • French Open: Stephens, Pavlyuchenkova advance; Svitolina makes winning return

    3 hours ago
  • SIT arrest 3 more persons in TSPSC question paper leak case

    3 hours ago
  • Influx of leaders to BRS continues in Maharashtra, Andhra Pradesh

    3 hours ago
  • Few cheetahs from KNP to be moved to Gandhi Sagar Wildlife Sanctuary by November

    3 hours ago

company

  • Home
  • About Us
  • Contact Us

business

  • Subscribe

telangana today

  • Telangana
  • Hyderabad
  • Latest News
  • Entertainment
  • World
  • Andhra Pradesh
  • Science & Tech
  • Sport

follow us

© Copyrights 2022 TELANGANA PUBLICATIONS PVT. LTD. All rights reserved. Powered by Veegam