Stock Market LIVE Updates: Sensex, Nifty jump over 1% after four days of decline
By The zeenews
The 30-share BSE benchmark rallied 721.13 points or 1.20 per centor settle at 60,566.42.
During the day, it jumped 988.49 points or 1.65 per cent to 60,833.78.
On similar lines, the broader NSE Nifty advanced 207.80 points or 1.17 per cent to end at 18,014.60.
New Delhi: Markets ended with a jump of over 1 percent on Monday
after four days of losses amid a positive global markets trends.
The 30-share BSE benchmark rallied 721.13 points or 1.20 per cent to settle at 60,566.42.
During the day, it jumped 988.49 points or 1.65 per cent to 60,833.78.
On similar lines, the broader NSE Nifty advanced 207.80 points or 1.17 per cent to end at 18,014.60.
From the Sensex pack, State Bank of India, IndusInd Bank, Baja
Finserv, Tata Steel, ITC, Axis Bank, HDFC Bank, UltraTech Cement, NTPC and Tata Motors were the major winners.
Nestle, Kotak Mahindra Bank, Bharti Airtel, HCL Technologies and Hindustan Unilever were the laggards.
Puneet Maheshwari, Director- Upstox said, “This year India has seen modest growth.
In July to September there were six major economies – Malaysia
Greece, the Philippines, Israel, Colombia and Argentina with growth
higher than the 6.3 per cent which India achieved in the April to September quarter of this fiscal.
Growth by the year end is unlikely to be vastly different.
Few of the macroeconomic factors for this include inflation, fear of recession, volatile markets etc.”
“However, we witnessed some positivity after nearly two years of
social, financial and economic uncertainty and we expect that with
more financial power in the hands of citizens will lead to surging
equity participation and a stronger economy in the coming years.
According to reports, by 2027, India’s economy will rank third in the
world, and by the end of the decade, its stock market will rank third.
Economic growth will be more robust, equity participation will rise, and citizens will hold more financial sway.
This is a very positive indication of where the future of India is headed,” he added.
Last week, Investors lost Rs 15.78 lakh crore in four sessions, wit
the market capitalisation of BSE-listed companies standing at Rs 2,72,12,860.03 crore.
