Twitter
Advertisement

Good start to the year: Sensex surges 302 points on day one

"Markets closed the truncated week with a near 3% gain, led by banking stocks, which outperformed the rest," said Dipen Shah, Head of Private Client Group Research, Kotak Securities.

Latest News
article-main
Representational image
FacebookTwitterWhatsappLinkedin

The benchmark BSE Sensex today began the new fiscal year on a promising note by gaining more than 300 points to settle the day at 28,260.14, recording first weekly gain in three weeks.

After a slightly lower start at 27,954.86, the 30-share BSE barometer slipped further to 27,889.02. However, with the emergence of widespread buying the index surged to day's high of 28,298.34.

It finally closed at 28,260.14, higher by 302.65 points, or 1.08% than its previous close.

The 50-share NSE Nifty, retested the crucial 8,600-mark but settled 95.25 points higher, or 1.12%, at 8,586.25.

Sun Pharnma emerged as the top Sensex gainer by surging 5.51% ahead of Ranbaxy's amalgamation with the company.

"Markets closed the truncated week with a near 3% gain, led by banking stocks, which outperformed the rest," said Dipen Shah, Head of Private Client Group Research, Kotak Securities.

Other gainers on the Sensex include Tata Motors, SBI, ICICI Bank, Hindalco, Tata Steel, ITC and Bharti Airtel.

Sector-wise, Banking index gained the most by rising 2.37 per cent, followed by Healthcare index 2.31%. In 30-BSE index components, 23 stocks gained and seven ended with losses.

Globally, a mixed closing at other Asian markets and a higher opening in Europe after the region's manufacturing accelerated faster than initial estimates, supported the trading sentiment in later part of the session, brokers said.

Foreign Portfolio Investors (FPIs) bought shares worth a net Rs 356.07 crore yesterday and Domestic institutional investors (DIIs) bought shares worth a net Rs 283.71 crore as per provisional data.

Markets will remain closed on Thursday and Friday on account of Mahavir Jayanti and Good Friday, respectively.

Find your daily dose of news & explainers in your WhatsApp. Stay updated, Stay informed-  Follow DNA on WhatsApp.
Advertisement

Live tv

Advertisement
Advertisement