Markets surge to lifetime highs; Nifty breaches 13,000-mark


PTI, Nov 24, 2020, 4:08 PM IST

Mumbai: Equity benchmarks Sensex and Nifty rallied to fresh lifetime highs on Tuesday following heavy buying in banking, financial, realty and auto counters amid persistent foreign capital inflows.

A strengthening rupee also boosted market sentiments, traders said.

After scaling a record intra-day high of 44,601.63, the 30-share BSE Sensex ended 445.87 points or 1.01 per cent higher at a record 44,523.02.

Similarly, the broader NSE Nifty rose 128.70 points or 1 per cent to close above the 13,000-mark for the first time at 13,055.15.

Axis Bank was the top gainer in the Sensex pack, surging around 4 per cent, followed by M&M, HDFC Bank, ITC, SBI, ICICI Bank, Maruti, Kotak Bank and Sun Pharma.

On the other hand, HDFC, Titan, Nestle India, Bharti Airtel, ONGC and Infosys were among the laggards.

Sector-wise, BSE bankex, auto and finance indices rose up to 2.37 per cent.

Foreign institutional investors remained net buyers in the capital market as they purchased shares worth Rs 4,738.44 crore on Monday, according to provisional exchange data.

The rupee appreciated 10 paise to close at 74.01 against the US dollar.

Elsewhere in Asia, bourses in Hong Kong, Tokyo and Seoul ended with significant gains, while Shanghai closed in the red.

Stock exchanges in Europe were trading on a mixed note in early deals.

Meanwhile, Brent crude futures, the global oil benchmark, rose 0.85 per cent to USD 46.45 per barrel.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Maha: One dead in road accident in Chandrapur district

China says latest round of talks with India on border issue ‘positive and constructive’; slams White House official’s remarks

Karnataka legislature joint session from Feb 14, budget in March first week

He didn’t want the money, he just wanted to play: Looking back at Deepak Hooda’s rollercaster ride

‘Badhaai Do’ humour not at the expense of LGBTQI community, it’s a sensitive film: Bhumi Pednekar

‘Goonda raj’ to return if Akhilesh forms govt in UP: Shah

Hockey legend Charanjit Singh dies


Related Articles More

Gold plunges Rs 563; silver declines Rs 1,186

Rupee slumps 31 paise to over four-week low of 75.09/USD

US-based EV infra solutions firm EvGateway launches operations in India

Star Air Celebrates 3 years of Connecting Real India

Govt notifies Air India asset transfer agreement with AIAHL; stage set for AI handover to Tata Group

MUST WATCH

History and Significance of Barkur

Udayavani News Bulletin 27-1-2022

A Crow In Obalapura Village In Chitradurga Is Attacking 7 People

DK Shivakumar Press meet

Hindu Vahini members manhandled, detained by Guntur Police


Latest Additions

Maha: One dead in road accident in Chandrapur district

Kerala witnessing Omicron wave, says Minister

Man gunned down in high-security area of Ranchi

China says latest round of talks with India on border issue ‘positive and constructive’; slams White House official’s remarks

Nadda forms 4-member panel to probe TN girl’s death by suicide

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.