Markets

Sensex ends higher; financial stocks sparkle

A view of the BSE building in Mumbai. File   | Photo Credit: Paul Noronha

Equity benchmark Sensex ended 144 points higher on Monday, tracking strong buying sentiment in financial stocks amid positive cues from global markets.

After gyrating 633.11 points in a choppy session, the 30-share BSE index settled 143.51 points or 0.36% higher at 39,757.58.

Similarly, the broader NSE Nifty advanced 26.75 points or 0.23% to 11,669.15.

IndusInd Bank was the top gainer in the Sensex pack, rallying around 7%, followed by ICICI Bank, Axis Bank, HDFC, Bharti Airtel, SBI, Bajaj Finance and HDFC Bank.

On the other hand, Reliance Industries (RIL) was the top laggard, crashing over 8%. HCL Tech, TCS, Tata Steel, Asian Paints, Bajaj Auto, Maruti and UltraTech Cement also ended in the red.

According to experts, better-than-estimated Q2 performance from banks and strong auto sales numbers offered support to the market.

On the global front, bourses in Shanghai, Hong Kong, Seoul and Tokyo ended on a positive note.

Stock exchanges in Europe were also trading with significant gains in early deals.

Meanwhile, international oil benchmark Brent crude was trading 2.06% lower at $37.16 per barrel.

In the forex market, the rupee depreciated 32 paise to end at 74.42 against the US dollar.


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Printable version | Oct 24, 2021 6:52:12 PM | https://www.thehindu.com/business/markets/sensex-ends-higher-financial-stocks-sparkle/article33003436.ece

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