People stand outside the Bombay Stock Exchange (BSE), after Sensex surpassed the 60,000 level for the first time, in Mumbai, India, September 24, 2021. (REUTERS/File Photo)Share/Stock Highlights: The frontline equity indices on the BSE and National Stock Exchange (NSE) ended the last day of the 2021 calendar on a higher note after they jumped nearly 1 per cent on Friday.
The S&P BSE Sensex surged 459.50 points (0.80 per cent) to end at 58,253.82 while the Nifty 50 climbed 150.10 points (0.87 per cent) to settle at 17,354.05. With this, the Sensex registered a 21.99 per cent rally in 2021 while the broader Nifty recorded a 24.12 per cent hike during the year.
On the Sensex pack, Titan was the top gainer on Friday, rising 3.5 per cent, followed by Kotak Bank, SBI, Maruti Suzuki, Bajaj Finance, HUL, Axis Bank and Sun Pharma. On the other hand, NTPC, Tech Mahindra, PowerGrid and Infosys were the laggards.
(with inputs from agencies)
"2021 witnessed strong recovery amid continuing challenges from subsequent variants and ended positive today. India outperformed most global peers supported by robust retail participation, economic recovery, vaccine coverage and rising appetite for Indian goods & services. Despite lingering fears surrounding surging Omicron cases, the domestic market is expected to maintain its resilience supported by healthy long-term growth forecast & reforms undertaken."
The S&P BSE Sensex ended at 58,253.82, up 459.50 points or 0.80 per cent, while the Nifty 50 settled at 17,354.05, up 150.10 points or 0.87 per cent.
The Indian stock markets have witnessed a record bull run in 2021. Not only the benchmark indices hit record highs this year, the midcap and smallcap indices too put up a stellar show during the calendar giving returns of nearly 61 per cent.
Despite the uncertainties induced by the second wave of Covid-19 in April-May earlier this year, the benchmarks have posted some record gains achieving all-time highs and the small and midcap stocks too have benefited most from this positive momentum. Click here to read
The rupee appreciated by 12 paise to 74.30 against the US dollar in opening trade on Friday, tracking gains in domestic equity markets.
At the interbank foreign exchange, the rupee opened strong at 74.35 against the American dollar, then inched higher to 74.30, registering a rise of 12 paise from the last close. In the previous session, the rupee surged 29 paise to close at a more than one-month high of 74.42 against the US dollar.
(PTI)
Shares of cash management company CMS Info Systems had a tepid start and got listed at a premium of nearly 2 per cent from their issue price in the stock exchanges today.
The scrip got listed at Rs 220.20 apiece on the National Stock Exchange (NSE), thereby registering a gain of 1.94 per cent from its offer price of Rs 216.00, while on the BSE, it opened at Rs 218.50, up 1.16 per cent from the issue price. Click here to read
Shares were mixed in Asia on Friday after a late slide pulled major indexes into the red on Wall Street, leaving the S&P 500 and the Dow Jones Industrial Average slightly below record highs.
Tokyo and many other regional markets were closed.
Hong Kong jumped 1.7% in New Year’s Eve trading to 23,496.86 and the Shanghai Composite index gained 0.4% to 3,634.61. Sydney lost 0.7% to 7,461.43 as the number of new coronavirus cases surged.
Singapore advanced while Malaysia edged lower.
(AP)
With the Covid pandemic impacting states’ revenues, they have urged the Central government to consider increasing its share in Centrally-sponsored schemes and an extension of compensation for another five years under the Goods and Services Tax (GST) regime. In their pre-Budget meeting with Union Finance Minister Nirmala Sitharaman on Thursday, some states urged the Centre to look into direct cash transfers for supporting economic recovery. Click here to read
Sensex jumps 364.54 points to 58,158.86 in opening session; Nifty surges 104.05 points to 17,308.00.
(PTI)