Sensex Rises 110 Points: Private Banks, Foreign Funds Drive Gains
By Rediff Money Desk, Mumbai Dec 04, 2024 15:52
The Sensex gained over 110 points on Wednesday, driven by buying in HDFC Bank and ICICI Bank, and fresh foreign fund inflows. The Nifty also rose marginally.
Mumbai, Dec 4 (PTI) Benchmark Sensex advanced 110 points on Wednesday, extending its gains to the fourth day in a row helped by buying in HDFC Bank, ICICI Bank and fresh foreign fund inflows.
The 30-share barometer rose by 110.58 points or 0.14 per cent to settle at 80,956.33. During the day, it jumped 399.64 points or 0.49 per cent to 81,245.39.
The NSE Nifty rose marginally by 10.30 points or 0.04 per cent to 24,467.45.
From the 30-share Sensex pack, HDFC Bank, Bajaj Finserv, NTPC, Titan, Tata Consultancy Services, Tech Mahindra, Bajaj Finance and ICICI Bank were the biggest gainers.
Bharti Airtel, Tata Motors, Adani Ports, Power Grid, Maruti, ITC, Reliance Industries and UltraTech Cement were among the laggards.
Foreign institutional investors turned buyers on Tuesday as they bought equities worth Rs 3,664.67 crore, according to exchange data.
Among Asian markets, Tokyo settled higher while Seoul, Shanghai and Hong Kong ended lower. European markets were trading mostly higher. US markets ended mostly in the positive territory on Tuesday.
India's services PMI slipped to 58.4 in November while employment in the segment recorded robust growth, a monthly survey said on Wednesday.
Global oil benchmark Brent crude firmed up by 0.34 per cent to USD 73.91 a barrel.
The BSE benchmark Sensex jumped 597.67 points or 0.74 per cent to settle at 80,845.75 on Tuesday. The Nifty went up by 181.10 points or 0.75 per cent to 24,457.15.
The 30-share barometer rose by 110.58 points or 0.14 per cent to settle at 80,956.33. During the day, it jumped 399.64 points or 0.49 per cent to 81,245.39.
The NSE Nifty rose marginally by 10.30 points or 0.04 per cent to 24,467.45.
From the 30-share Sensex pack, HDFC Bank, Bajaj Finserv, NTPC, Titan, Tata Consultancy Services, Tech Mahindra, Bajaj Finance and ICICI Bank were the biggest gainers.
Bharti Airtel, Tata Motors, Adani Ports, Power Grid, Maruti, ITC, Reliance Industries and UltraTech Cement were among the laggards.
Foreign institutional investors turned buyers on Tuesday as they bought equities worth Rs 3,664.67 crore, according to exchange data.
Among Asian markets, Tokyo settled higher while Seoul, Shanghai and Hong Kong ended lower. European markets were trading mostly higher. US markets ended mostly in the positive territory on Tuesday.
India's services PMI slipped to 58.4 in November while employment in the segment recorded robust growth, a monthly survey said on Wednesday.
Global oil benchmark Brent crude firmed up by 0.34 per cent to USD 73.91 a barrel.
The BSE benchmark Sensex jumped 597.67 points or 0.74 per cent to settle at 80,845.75 on Tuesday. The Nifty went up by 181.10 points or 0.75 per cent to 24,457.15.
Source: PTI
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
- Vodafone Idea L
- 9.47 ( -0.42)
- 28334153
- YES Bank Ltd.
- 18.25 ( -1.24)
- 9525366
- Suzlon Energy Ltd.
- 52.56 ( -3.24)
- 9310880
- Thinkink Picturez
- 1.16 (+ 4.50)
- 8645050
- Srestha Finvest
- 0.66 ( -1.49)
- 8526864
MORE NEWS
DLF Sells 173 Luxury Homes for Rs 11,816 Cr in...
DLF sold 173 luxury apartments in its 'The Dahlias' project in Gurugram for Rs 11,816...
ICICI Bank Q3 Profit Surges 15% to Rs 11,792 cr
ICICI Bank reported a 15% increase in standalone net profit for Q3 FY2025, reaching Rs...
NTPC Green Energy Profit Jumps 18% in Q3 to Rs...
NTPC Green Energy Ltd (NGEL) reported an 18% rise in consolidated net profit to Rs...