Markets

Sensex surges over 250 points in early trade; Nifty tops 18,350

A general view of the Bombay Stock Exchange after Sensex surpassed the 60,000 level for the first time, in Mumbai, India, September 24, 2021   | Photo Credit: Reuters

Equity benchmark Sensex jumped over 250 points in opening trade on October 21, tracking gains in index majors HDFC twins, Kotak Bank and Infosys amid a largely positive trend in global markets.

The 30-share index was trading 265.84 points or 0.43% higher at 61,525.80 in initial deals. Similarly, the Nifty advanced 93.45 points or 0.51% to 18,360.05.

Sun Pharma was the top gainer in the Sensex pack, rising around 2%, followed by PowerGrid, NTPC, HDFC, Kotak Bank and M&M.

On the other hand, HCL Tech, Tech Mahindra, TCS and Bharti Airtel were among the laggards.

 

In the previous session, the 30-share index ended 456.09 points or 0.74% lower at 61,259.96, and Nifty dropped 152.15 points or 0.83% to 18,266.60.

Foreign institutional investors (FIIs) were net sellers in the capital market, as they offloaded shares worth ₹1,843.09 crore on October 20, as per exchange data.

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

Stock exchanges on Wall Street largely ended on a positive note in the overnight session.

Meanwhile, international oil benchmark Brent crude fell 0.08% to $85.75 per barrel.


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Printable version | Nov 30, 2021 3:56:31 AM | https://www.thehindu.com/business/markets/sensex-surges-over-250-points-in-early-trade-nifty-tops-18350/article37102804.ece

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