The Sensex, the main index of the stock market, on Thursday jumped 958 points and closed at the top level so far. Strong buying in Reliance Industries, HDFC, HDFC Bank and ICICI Bank led the index to rise amid a positive global trend.
Mumbai (PTI). The NSE Nifty rose 276.30 points or 1.57 per cent to hit an all-time high of 17,822.95. Once during the trading Nifty had reached the top level of 17,843.90 points. The 30-share BSE Sensex closed at a high of 59,885.36 points, up 958.03 points or 1.63 per cent, after reaching a level of 59,957.25 points during trading.
Dr. Top loser in Reddy’s Sensex pack
Bajaj Finserv was the top gainer in the Sensex pack. Its stock closed with a jump of more than 4 percent. After this, other stocks that closed with gains were L&T, HDFC, Axis Bank, SBI, Reliance Industries and IndusInd Bank. On the other hand Dr. Reddy’s, ITC, Nestle India and HUL ended with losses under selling pressure.
Fast forward to the outcome of the FOMC meeting
Binod Modi, Head of Strategy at Reliance Securities said that the domestic stock market saw a sharp recovery, due to which the Sensex and Nifty jumped to close at all-time highs. The stock market rose on the back of positive results at the FOMC meeting and easing of Evergrande’s concerns. Heavy buying in Financial and Reliance Industries led the market to rise. After this, heavy buying was also seen in metal, IT and auto stocks.
Crude oil $ 76.10 per barrel
Sensex closed down by 125 points, Nifty came down from 17600 points In Asia, trading in Shanghai and Hong Kong’s stock markets closed with gains. On the other hand, trading in Seoul’s stock markets ended in losses. Trading in Japan’s stock markets remained closed due to the holiday. Mid session trading on European stock exchanges was done with positive note. In the international market, the deal of crude oil Brent crude was down 0.12 percent at a price of $ 76.10 per barrel.