Markets

Sensex rises 163 pts; Nifty tops 11,900 level

A view of the Bombay Stock Exchange building in Mumbai. File   | Photo Credit: PTI

Extending its gains for the fourth session, equity benchmark Sensex ended 163 points higher on Wednesday, led by index majors HDFC twins and ICICI Bank.

After gyrating 825.54 points in a highly volatile session, the 30-share BSE index ended 162.94 points or 0.40% higher at 40,707.31.

Similarly, the broader NSE Nifty rose 40.85 points or 0.34% to finish at 11,937.65.

PowerGrid was the top gainer in the Sensex pack, surging over 4%, followed by Bharti Airtel, Tata Steel, NTPC, HDFC Bank, UltraTech Cement and Kotak Bank.

On the other hand, TCS, Nestle India, Reliance Industries and HCL Tech were among the laggards.

“Domestic indices managed to close in the green, but not without its share of hiccups over rumours on waiver of interest on loans,” said S. Ranganathan, Head of Research at LKP Securities.

Banks and metals provided support even as several stocks saw profit booking during afternoon trade, he added.

Bourses in Hong Kong, Tokyo and Seoul ended on a positive note, while Shanghai was in the red.

Stock exchanges in Europe opened on a negative note after the U.K. government reported that its borrowing rose to the highest level on record in the first half of the financial year.

Meanwhile, international oil benchmark Brent crude was trading 1.14% lower at $42.67 per barrel.

In the forex market, the rupee pared its initial gains and depreciated 9 paise to close at 73.58 against the U.S. dollar.

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Printable version | Nov 26, 2020 8:40:45 PM | https://www.thehindu.com/business/markets/sensex-rises-163-pts-nifty-tops-11900-level/article32908410.ece

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