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

Yuvraj Singh, Hazel Keech blessed with baby boy

Modi wears Uttarakhand cap, Manipur stole this R-Day

Telugu star Chiranjeevi tests positive for COVID-19

Jal Shakti ministry tableau depicts challenges of water supply at altitudes of over 13,000 ft

Masked, vaccinated, socially distanced – only 5,000 people attend R-Day parade

Gold worth Rs 29.14 lakh seized at MIA

PM Modi pays homage at war memorial

Related Articles More

RBI-monitored takeover process complete: Crisis-hit PMC Bank branches to operate as USFBL branches

Consumer goods giant Unilever cutting 1,500 management jobs

FRL independent directors turn down Amazon’s bailout offer

Go First airline’s Twitter handle hacked

Bengaluru airport processes record cargo throughput for calendar year 2021


Hon’ble President Ram Nath Kovind’s Message on the eve of Republic Day 2022

The bridegroom paid homage to Kafidore Siddhartha Hegde on the wedding day

Siddaramiah Reject peta of fan at Badami

NEWS BULLETIN 25-01-2022

Dotihal Road Problem

Latest Additions

Yuvraj Singh, Hazel Keech blessed with baby boy

Despite COVID-19, India displays tremendous resilience, capability: Kerala Guv

Truly special ambassadors of strong relations between our nations: PM Modi writes to Gayle, Rhodes on Republic Day

Rich folk art, handicraft shine in Karnataka’s R-Day tableau

Modi wears Uttarakhand cap, Manipur stole this R-Day

Thanks for visiting Udayavani

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