Sensex, Nifty Surge 2% on Reliance Rally - Jan 29
By Rediff Money Desk, MUMBAI Jan 29, 2024 15:54
Indian stock markets rebounded strongly on Monday, with Sensex and Nifty gaining nearly 2% driven by Reliance Industries and a positive Asian market sentiment.
Mumbai, Jan 29 (PTI) Benchmark equity indices Sensex and Nifty rebounded sharply on Monday, surging nearly 2 per cent, on heavy buying in Reliance Industries and a rally in Asian markets.
The 30-share BSE Sensex jumped 1,240.90 points or 1.76 per cent to settle at 71,941.57. During the day, it soared 1,309.55 points or 1.85 per cent to 72,010.22.
The Nifty climbed 385 points or 1.80 per cent to 21,737.60.
Among the Sensex firms, Reliance Industries jumped nearly 7 per cent, contributing the most to the rally in markets.
Tata Motors, Power Grid, Larsen and Toubro, Kotak Mahindra Bank, NTPC, Titan and UltraTech Cement were the other major gainers.
ITC, Infosys, JSW Steel, Tech Mahindra and Tata Consultancy Services were the laggards.
In Asian markets, Seoul, Tokyo and Hong Kong settled in the positive territory while Shanghai ended lower.
European markets were trading mostly lower. The US markets had ended on a mixed note on Friday.
Global oil benchmark Brent crude declined 0.18 per cent to USD 83.40 a barrel.
Markets were closed on Friday on account of Republic Day.
On Thursday, the BSE benchmark declined 359.64 points or 0.51 per cent to settle at 70,700.67 points while the Nifty fell 101.35 points or 0.47 per cent to 21,352.60 points.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 2,144.06 crore on Thursday, according to exchange data.
The 30-share BSE Sensex jumped 1,240.90 points or 1.76 per cent to settle at 71,941.57. During the day, it soared 1,309.55 points or 1.85 per cent to 72,010.22.
The Nifty climbed 385 points or 1.80 per cent to 21,737.60.
Among the Sensex firms, Reliance Industries jumped nearly 7 per cent, contributing the most to the rally in markets.
Tata Motors, Power Grid, Larsen and Toubro, Kotak Mahindra Bank, NTPC, Titan and UltraTech Cement were the other major gainers.
ITC, Infosys, JSW Steel, Tech Mahindra and Tata Consultancy Services were the laggards.
In Asian markets, Seoul, Tokyo and Hong Kong settled in the positive territory while Shanghai ended lower.
European markets were trading mostly lower. The US markets had ended on a mixed note on Friday.
Global oil benchmark Brent crude declined 0.18 per cent to USD 83.40 a barrel.
Markets were closed on Friday on account of Republic Day.
On Thursday, the BSE benchmark declined 359.64 points or 0.51 per cent to settle at 70,700.67 points while the Nifty fell 101.35 points or 0.47 per cent to 21,352.60 points.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 2,144.06 crore on Thursday, according to exchange data.
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- GTL Infrastructure
- 2.93 ( -4.87)
- 226206286
- IFL Enterprises
- 1.30 (+ 4.84)
- 81461564
- Vodafone Idea L
- 16.79 (+ 0.66)
- 67447398
- NCL Research
- 0.95 ( -4.04)
- 31996628
- Franklin Industries
- 3.73 (+ 3.32)
- 21511209
MORE NEWS
![Navi Mumbai...](https://im.rediff.com/80-80/money/2021/jun/10navi-mumbai-airport7.jpg)
Navi Mumbai Airport ILS Signal Testing Begins
The Airports Authority of India (AAI) has begun ILS signal testing at the...
![Air India VRS for...](https://im.rediff.com/80-80/money/2020/sep/09tata-vistara-3.jpg)
Air India VRS for Non-Flying Staff Ahead of...
Air India has announced a voluntary retirement scheme (VRS) and voluntary separation...
Fisher Groups Oppose WTO Fisheries Subsidy Talks
Small-scale fisher groups from India, Indonesia, and Bangladesh demand WTO keep...