Sensex, Nifty tick higher amid global rally
Global mkts taking a breather from reports that Omicron strain is less severe than Delta; IT stocks hog limelight; However, underperformance of banking pack remains key concern
Markets open on a negative note
3rd Consecutive Session Recovery
- BSE Sensex jumped 384.72 pts to 57,315.28
- NSE Nifty advanced 117.15 pts to 17,072.60
- Heavy buying in IT, finance, power stocks
- PowerGrid top gainer among Sensex pack
- ITC, Bajaj Fin, Infosys, NTPC, Tech Mahindra, Wipro and SBI gained
- Airtel, Sun Pharma, Maruti, UltraTech Cement, Asian Paints and ICICI Bank decline
- Shanghai, Hong Kong, Tokyo and Seoul up
- European indices higher in morning session
Mumbai: The BSE Sensex defied gravity for the third session on the trot on Thursday, propelled by robust buying in IT, finance and power stocks amid a rally in global equities.
A strengthening rupee further shored up investor confidence, traders said. The 30-share BSE benchmark Sensex jumped 384.72 points or 0.68 per cent to end at 57,315.28. Similarly, the NSE Nifty advanced 117.15 points or 0.69 per cent to 17,072.60. PowerGrid was the top gainer among the Sensex constituents, rising 3.40 per cent, followed by ITC, Bajaj Finance, Infosys, NTPC, Tech Mahindra, Wipro and SBI. In contrast, Bharti Airtel, Sun Pharma, Maruti, UltraTech Cement, Asian Paints and ICICI Bank were among the laggards, shedding up to 0.93 per cent. "Domestic bourses continued to trade firm mirroring an upbeat mood in the global markets led by gains in realty, financials and IT stocks, while broader markets strengthened. US third quarter GDP expanded at an annualised 2.3 per cent, which is higher than expected.
