Sunday, Feb 05, 2023

Market Highlights: Sensex climbs 296 points higher, Nifty ends above 17,050-mark aided by pharma, financial, IT stocks

Share Market, Stock Market Highlights: The S&P BSE Sensex ended at 57,420.24, up 295.93 points (0.52 per cent), while the Nifty 50 settled at 17,086.25, up 82.50 points (0.49 per cent).

By: Express Web Desk
New Delhi | Updated: December 27, 2021 16:59 IST
Bombay Stock Exchange building. (Express archive photo)

Share/Stock Highlights: The benchmark equity indices on the BSE and National Stock Exchange (NSE) ended around 0.5 per cent higher on Monday aided by gains in pharmaceutical, financial and information technology (IT) stocks amid a largely positive trend in global markets.

The S&P BSE Sensex surged 295.93 points (0.52 per cent) to end at 57,420.24 while the Nifty 50 rose 82.50 points (0.49 per cent) to settle at 17,086.25.

On the Sensex pack, Tech Mahindra was the top gainer of the day, rising 3.57 per cent, followed by Dr Reddy’s Laoratories, Power Grid Corporation of India, Kotak Mahindra Bank, Sun Pharmaceutical Industries and ICICI Bank. On the other hand, IndusInd Bank, Asian Paints, Maruti Suzuki India, Bharti Airtel and ITC were among the laggards.

Among sectoral indices, the Nifty Pharma index climbed 1.62 per cent higher led by Natco Pharma and Laurus Labs. Apart from this the Nifty Financial Services too rose 0.91 per cent aided by Shriram Transport Finance Company and Kotak Bank. The Nifty IT index gained 0.69 per cent due to a rise in Tech Mahindra and L&T Technology Services.

(with inputs from agencies)

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Stocks, BSE Sensex, NSE Nifty, Crude oil prices, gold, silver prices, commodity market and money markets LIVE updates:

16:19 (IST)27 Dec 2021
MARKET QUOTE | Vinod Nair, Head of Research at Geojit Financial Services on Monday's market performance

"Despite spiking covid cases globally, the domestic market took a rebound post its weak opening factoring the low mortality rate of the new variant. Gains in pharma, IT and finance were the major sectorial contributors to the market recovery. Asian markets traded mixed backed by a pledge of support measures from the Chinese central bank while the US and European indices traded flat amid wounded risk sentiments owing to rocketing omicron cases."

15:59 (IST)27 Dec 2021
Equity markets at close

The S&P BSE Sensex ended at 57,420.24, up 295.93 points or 0.52 per cent, while the Nifty 50 settled at 17,086.25, up 82.50 points or 0.49 per cent.

14:53 (IST)27 Dec 2021
RBI says RBL Bank’s financial position “satisfactory”; assures depositors, stakeholders

The Reserve Bank of India on Monday said that RBL Bank is well capitalised and its financial position remains “satisfactory”, amid speculations relating to the private sector lender in certain quarters in wake of recent events surrounding the bank.

In a statement, the Reserve Bank of India (RBI) also said there is no need for depositors and other stakeholders to react to speculative reports. Click here to read

12:54 (IST)27 Dec 2021
HP Adhesives shares list with over 16% gain

Shares of HP Adhesives on Monday listed with a premium of over 16 per cent against the issue price of Rs 274.

The stock listed at Rs 319, a gain of 16.42 per cent from the issue price on BSE. It further zoomed 22.24 per cent to Rs 334.95. Click here to read

11:43 (IST)27 Dec 2021
RBL Bank share price crashes 25% to 52-week low as long-term MD-CEO goes on leave

Shares of RBL Bank tumbled nearly 25 per cent and hit a 52-week low on Monday after the private sector lender said its long-term MD and CEO Vishwavir Ahuja will go on leave with immediate effect, adding that the board has appointed executive director Rajeev Ahuja as an interim replacement.

The RBL Bank stock crashed 24.70 per cent to a 52-week low of Rs 130.20 on the National Stock Exchange (NSE) during the morning deals while on the BSE, it declined 23.28 per cent to Rs 132.35 – its 52-week low on the bourse. Click here to read

09:55 (IST)27 Dec 2021
Global market update

Asian stock markets were generally weaker with U.S. crude in holiday-thinned trading on Monday, as uncertainty over the economic impact of the Omicron coronavirus variant weighed on investor sentiment.

In Asia, China reported its highest daily rise in local COVID-19 cases in 21 months over the weekend as infections more than doubled in the northwestern city of Xian, the country's latest COVID hot spot.

Japan's Nikkei lost 0.20% while South Korea's Kospi fell 0.11%.

Mainland Chinese shares, though, were mixed, with Shanghai's benchmark sliding 0.37% but an index of blue chips edged 0.05% higher.

Australia, Hong Kong and Britain are among markets closed Monday for holidays.


09:52 (IST)27 Dec 2021
Equity market at open

Sensex tanks 444.83 pts to 56,679.48 in opening session, Nifty tumbles 128.40 pts to 16,875.35.


On Friday, the BSE benchmark Sensex had tumbled 191 points, tracking losses in index-heavyweights HDFC twins, Kotak Bank and Axis Bank amid mixed cues from global markets.

After a choppy session, the 30-share index ended 190.97 points or 0.33 per cent lower at 57,124.31. Similarly, the NSE Nifty declined 68.85 points or 0.40 per cent to 17,003.75.

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First published on: 27-12-2021 at 09:51 IST
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