shot-button
Maharashtra Elections 2024 Maharashtra Elections 2024
Home > Mumbai > Mumbai News > Article > Sensex jumps over 350 pts in early trade Nifty tops 15650

Sensex jumps over 350 pts in early trade; Nifty tops 15,650

Updated on: 03 June,2021 11:09 AM IST  |  Mumbai
PTI |

The 30-share BSE index was trading 361.24 points or 0.70 per cent higher at 52,210.72 in initial deals, and the broader NSE Nifty jumped 100.25 points or 0.64 per cent to 15,676.45.

Sensex jumps over 350 pts in early trade; Nifty tops 15,650

This picture has been used for representational purpose

Equity benchmark Sensex surged over 350 points in early trade on Thursday, tracking gains in index-heavyweights Reliance Industries, HDFC and Infosys amid a largely positive trend in global markets. The 30-share BSE index was trading 361.24 points or 0.70 per cent higher at 52,210.72 in initial deals, and the broader NSE Nifty jumped 100.25 points or 0.64 per cent to 15,676.45.


Titan was the top gainer in the Sensex pack, rising over 4 per cent, followed by Reliance Industries, PowerGrid, Kotak Bank, HDFC, ONGC and Infosys. On the other hand, NTPC, Bajaj Auto, IndusInd Bank, Nestle India, Dr Reddy's, SBI and Sun Pharma were among the laggards. In the previous session, Sensex ended 85.40 points or 0.16 per cent lower at 51,849.48, while Nifty inched up 1.35 points or 0.01 per cent to 15,576.20.


Also read: Sensex tanks over 300 pts in early trade; Nifty tests 15,500


Foreign institutional investors (FIIs) were net buyers in the capital market as they purchased shares worth 921.10 crore on Wednesday, as per provisional exchange data. "Domestic equities look to be good as of now. Increased optimism about economic recovery with continuous fall in daily caseload in second COVID wave and improvement in recovery rates has already led domestic equities to new highs," said Binod Modi, Head Strategy at Reliance Securities.

Further, the beginning of gradual withdrawal of restrictions by states, which hints at improvement in economic indicators from the current month, also lifted market mood, he added. Elsewhere in Asia, bourses in Shanghai, Tokyo and Seoul were trading in the positive territory in mid-session deals, while Hong Kong was in the red. Equities on Wall Street closed with gains in the overnight session. International oil benchmark Brent crude was trading 0.62 per cent higher at USD 71.79 per barrel.

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever

"Exciting news! Mid-day is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest news!" Click here!


Mid-Day Web Stories

Mid-Day Web Stories

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK