4 Reasons Why Sensex Ended 639 Points Higher Today

​​​​​Indian share markets witnessed positive trading activity throughout the day today and ended higher.

Benchmark indices snapped their three-day losing run and closed over 1% higher today, as signs of a strong corporate earnings season and expectations that the central banks will stick to a dovish stance, at least in the near-term, lifted demand for risky equities.

At the closing bell, the BSE Sensex stood higher by 639 points (up 1.2%).

Meanwhile, the NSE Nifty closed higher by 192 points (up 1.2%).

JSW Steel and Tech Mahindra were among the top gainers today.

Hindustan Unilever and Asian Paints, on the other hand, were among the top losers today.

The SGX Nifty was trading at 15,820, up by 210 points, at the time of writing.

Both, the BSE MidCap index and the BSE SmallCap index ended up 1.5%.

Sectoral indices ended on a positive note with stocks in the telecom sector, metal sector, and engineering sector witnessing most of the buying interest.

Shares of Apollo Hospitals and Tech Mahindra hit their respective 52-week highs today.

The rupee is trading at 74.47 against the US$.

Gold prices for the latest contract on MCX are trading down by 0.3% at Rs 47,410 per 10 grams.

Here are 4 Factors That Helped the Market Rally

Positive Global Cues: Major global markets rose today and the positive sentiment spilled to the Indian bourses too.

Asian stocks climbed today after solid company earnings boosted Wall Street, easing concerns about peak economic growth and coronavirus flareups.

The Hang Seng and the Shanghai Composite ended the day up by 1.8% and 0.3%, respectively.

The Nikkei ended up by 0.6% in today's session.

US stock futures are trading higher today indicating a positive opening for Wall Street indices with Dow Futures trading up by 85 points (up 0.3%).

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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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