Markets

Sensex jumps over 400 points in early trade; Nifty tests 17,000

Dr Reddy’s, Tech Mahindra, L&T, Bharti Airtel and HCL Tech were among the laggards. File Image.   | Photo Credit: PAUL NORONHA

Equity benchmark Sensex surged over 400 points in early trade on Tuesday, tracking gains in index majors Reliance Industries, Kotak Bank and HDFC Bank amid a positive trend in global markets.

The 30-share index was trading 444.17 points or 0.78% higher at 57,191.31 in initial deals. Similarly, the Nifty rose 131.60 points or 0.78 % to 17,043.85.

Tata Steel was the top gainer in the Sensex pack, rising over 2% , followed by Kotak Bank, Axis Bank, Maruti, IndusInd Bank and SBI.

On the other hand, Dr Reddy’s, Tech Mahindra, L&T, Bharti Airtel and HCL Tech were among the laggards.

In the previous session, the 30-share equity benchmark ended 949.32 points or 1.65% lower at 56,747.14, and Nifty slumped 284.45 points or 1.65% to 16,912.25.

Foreign institutional investors (FIIs) remained net sellers in the capital market, as they sold shares worth ₹3,361.28 crore on Monday, as per exchange data.

Elsewhere in Asia, bourses in Shanghai, Hong Kong, Seoul and Tokyo were trading with gains in mid-session deals.

Stock exchanges in the U.S. too ended on a positive note in the overnight session.

Meanwhile, international oil benchmark Brent crude rose 0.62% to $73.53 per barrel.


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Printable version | Jan 18, 2022 4:50:43 PM | https://www.thehindu.com/business/markets/sensex-jumps-over-400-points-in-early-trade-nifty-tests-17000/article37877873.ece

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