Stock Market

Sensex jumps 100 points, Nifty above 11,450 ahead of March F O expiry

   Download Android App    Share in      FullScreen   CheckVideos

NEW DELHI: Led by gains in IT stocks and index heavyweight RIL, benchmark indices started Thursday's session on a positive note shrugging off weak global cues.

Markets initially witnessed a flat start but soon took off riding on a pre-poll rally.

The March futures and options series will expire today.

Nifty futures rollover stood till Wednesday stood at 59 per cent against 52 per cent rollovers seen in the last three series.

Market-wide rollovers stood at 67 per cent. The rupee on Thursday opened 22 paise down at 69.10 against the US dollar due to some buying in American currency by banks and importers helping IT stocks log gains.

At around 9:30 am, BSE sensex was up 108 points, or 0.28 per cent at 38,241.

Meanwhile, its Nifty counterpart rose 30 points or 0.26 per cent to trade at 11,475.

In the Sensex pack, 15 stocks traded in the green while the rest in the red.

HCL Tech wsa the biggest gainer, up over 3 per cent, followed by Infosys, YES bank, TCS, Vedanta and Bajaj Finance which rose around 1%, each.

On the loser-board, ONGC was leading, falling 2.15 per cent.

Among other losers were -- Bharti Airtel, Indusind, Powergrid, MM and Coal India. Infosys was the biggest contributor while HDFC Bank was the top drag. In the Nifty pack, 29 stocks advanced while 21 declined. On the BSE sectoral front, barring telecom, metal and energy all other sectors were upbeat.

Realty, IT and Teck surged the most rising 1.96 per cent, 1.79 per cent and 1.52 percent, respectively. Furthermore, BSE Midcap and BSE Smallcap continued their ascend, climbing 0.45 per cent and 0.59 per cent, respectively. On the global front, markets reeled from the fears of an upcoming recession.

Bond yields spiralled to 15-month lows at 2.35 per cent as central bank attempts to calm frayed nerves went down the drain.

MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.3 per cent, with South Korea down 0.7 per cent and Shanghai blue chips slipping 0.3 per cent, Reuters reported.




Unlimited Portal Access + Monthly Magazine - 12 issues-Publication from Jan 2021

Buy Our Merchandise (Peace Series)

 

Contribute US to Start Broadcasting


It's Voluntary! Take care of your Family, Friends and People around You First and later think about us. Its Fine if you dont wish to contribute and if you wish to contribute then think about the Homeless first and Feed them. We can survive with your wishes too :-). You can Buy our Merchandise too which are of the finest quality.

Debit/Credit/UPI

UPI/Debit/Credit

Paytm

STRIPE

Details
Category: Stock Market


21