Udayavni Special

Sensex Jumps Over 250 Pts in Early Trade; Nifty Tops 12,850

PTI, Nov 20, 2020, 11:03 AM IST

Equity benchmark Sensex surged over 250 points in early trade on Friday, tracking gains in index-heavyweights HDFC twins, Kotak Bank and Bajaj Finance amid largely positive cues from global markets and sustained foreign fund inflow. The 30-share BSE index was trading 282.07 points or 0.65 per cent higher at 43,882.03 in the opening session

Similarly, the broader NSE Nifty rose 78.45 points or 0.61 per cent to 12,850.15. Bajaj Finserv was the top gainer in the Sensex pack, advancing over 2 per cent, followed by Tata Steel, Titan, Bajaj Finance, HDFC twins and Kotak Bank.

On the other hand, ICICI Bank, ONGC, Axis Bank, SBI and IndusInd Bank were among the laggards. In the previous session, BSE Sensex ended 580.09 points or 1.31 per cent lower at 43,599.96, while Nifty closed 166.55 points or 1.29 per cent down at 12,771.70.

Foreign institutional investors remained net buyers in the capital market as they purchased shares worth Rs 1,180.61 crore on Thursday, according to provisional exchange data. Despite a sharp correction yesterday, the market continues to look good in the backdrop of improved earnings visibility and improving key economic indicators, said Arjun Yash Mahajan, Head Institutional Business at Reliance Securities.

US equities ended with modest gains as increasing optimism about fiscal stimulus overshadowed concerns of rising new COVID-19 cases and increasing restrictions, he stated. Elsewhere in Asia, bourses in Shanghai, Hong Kong and Seoul were trading in with gains in mid-session deals, while Tokyo was in the red.

Meanwhile, Brent crude futures, the global oil benchmark, were trading 0.14 per cent higher at USD 44.24 per barrel.


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

Top News

Mangaluru: Two arrested in Pro-terror graffiti case

TN CM deputes 11 ministers to coordinate rescue, relief ops, announces solatium

Modi to lay foundation stone for new Parliament Building on Dec 10

Agri minister Tomar tells farmer unions that Centre committed to talks at fifth round of meeting

Sandalwood drug case: Court permits CCB sleuths to collect hair samples of accused

Covaxin a 2-dose anti-coronavirus vaccine, Anil Vij got only 1st dose: Union health ministry

Many of the BJP people are associated with Rajinikanth now: Dinesh Gundu Rao

Related Articles More

Air India pilot bodies advise members not to participate in disinvestment process

Elon Musk tops Fortune Businessperson of the Year 2020

India Economy Likely to Contract by 10% in FY21, Says Former Planning Commission Member Abhijit Sen

ADB approves $190 mn loan to upgrade Bengaluru’s power distribution system

Allowing corporates to start banks is internal panel’s suggestion not RBI’s view, says Das


Mangaluru: Two arrested in Pro-terror graffiti case

Karnataka bandh over Maratha board | Udayavani

M’luru boat tragedy: Search operation still on for Ansar’s body

Deer falls into well, rescued

Without sulking from his illness, this young man changed his life through agriculture

Latest Additions

K’taka COVID-19 update: 1325 new cases, 1400 discharges, 12 dead on Dec 4

Republic TV Official Ghanshyam Singh, Another Accused Get Bail in TRP Rigging Scam

Pakistan Violates Ceasefire Along LoC and IB in J&K, Targets Villages and Forward Posts

Mangaluru: Two arrested in Pro-terror graffiti case

BJP Trying to Instigate People to Create Trouble at Bengal Govt’s ‘Duare Sarkar’ Camps: Labour Minister

Thanks for visiting Udayavani

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