4 Reasons Why Sensex Ended 568 Points Higher Today

Indian share markets witnessed positive trading activity throughout the day today and ended on a strong note.

After witnessing two consecutive days of sell-off, benchmark indices rebounded sharply today with Sensex jumping more than 750 points in intraday trade and Nifty rising above 14,550.

At the closing bell, the BSE Sensex stood higher by 568 points (up 1.2%).

Meanwhile, the NSE Nifty closed higher by 182 points (up 1.3%).

Bajaj Finserv and Tata Steel were among the top gainers today.

UPL and Power Grid, on the other hand, were among the top losers today.

The SGX Nifty was trading at 14,610, up by 179 points, at the time of writing.

The BSE Mid Cap index and the BSE Small Cap index ended up by 1.7% and 1.1%, respectively.

On the sectoral front, gains were largely seen in the metal sector, FMCG sector, and telecom sector.

Market participants were tracking shares of JSW Steel and 3M India as they hit their respective 52-week highs today.

Asian share markets ended higher today, tracking positive global cues.

The Shanghai Composite stood higher by 1.6%, while the Nikkei ended up by 1.5%. The Hang Seng ended higher by 1.6%.

US stock futures are trading higher today indicating a positive opening for Wall Street indices with Dow Futures trading up by 87 points (up 0.3%).

The rupee is trading at 72.58 against the US$.

Gold prices are trading down by 0.1% at Rs 44,625 per 10 grams. Meanwhile, silver prices for the latest contract on MCX are trading up by 0.4% at Rs 65,129 per kg.

Speaking of the ongoing volatility in Indian stock markets, have a look at the two charts below, in the order, they have been placed:

Near Term Volatility in Sensex Compensated by Long Term Gains

The year-on-year change in the Sensex was hardly predictable but someone who stayed invested multiplied every lakh nearly 14 times.

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Disclosure: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research ...

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