Sensex closed 620 points higher at 57,684; Nifty 17,100. Above this
Equity benchmark Sensex jumped 620 points on Wednesday led by gains in major indices Reliance Industries, Maruti and SBI amid a positive trend in global markets.
The 30-share index closed 619.92 points or 1.09 per cent higher at 57,684.79. Similarly, the NSE Nifty closed 183.70 points or 1.08 per cent higher at 17,166.90.
IndusInd Bank was the top gainer in the Sensex pack, rising nearly 6 per cent, followed by Axis Bank, SBI, Maruti, Tech Mahindra and Reliance Industries. On the other hand, Dr Reddy’s, UltraTech Cement, Sun Pharma, Bharti Airtel and Titan were among the laggards.
Elsewhere in Asia, shares ended with gains in Hong Kong, Shanghai, Seoul and Tokyo. Stock exchanges in Europe were also trading on a positive note in mid-session deals.
Meanwhile, activities in India’s manufacturing sector strengthened further in November, and saw the strongest growth in production and sales since February on improving market conditions, a monthly survey said on Wednesday.
The seasonally adjusted IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) rose from 55.9 in October to 57.6 in November, indicating the sector’s strongest recovery in ten months.
According to SBI’s research report Ecowrap, the country’s Gross Domestic Product (GDP) is likely to grow by more than 9.5 percent in the financial year 2021-22. International oil benchmark Brent crude rose 3.96 percent to $71.97 a barrel.
Foreign institutional investors (FIIs) remained net sellers in the capital market as they sold shares worth Rs 5,445.25 crore on Tuesday, according to exchange data.
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