Sensex Ends 117 Points Higher; SBI Rallies 11%

Indian share markets witnessed volatile trading activity throughout the day today and ended marginally higher.

Stellar December quarter results by the State Bank of India (SBI) and a status-quo stance in policy rates by the Reserve Bank of India (RBI) improved investor sentiment even as mild profit-booking amid heightened volatility trimmed gains at higher levels.

At the closing bell, the BSE Sensex stood higher by 117 points (up 0.2%).

Meanwhile, the NSE Nifty closed higher by 29 points (up 0.2%).

In intraday trade, the BSE Sensex hit 51,000, gaining over 400 points, while the NSE Nifty crossed the crucial 15,000-mark.

SBI, Kotak Mahindra Bank, and Dr Reddy's Lab were among the top gainers today. Bharti Airtel and Axis Bank were among the top losers today.

The SGX Nifty was trading at 14,945, up by 50 points, at the time of writing.

The BSE Mid Cap index ended down by 0.9%. The BSE Small Cap index ended down by 0.3%.

Sectoral indices ended on a mixed note. Gains were largely seen in the banking sector, healthcare sector, and realty sector.

Telecom stocks and oil & gas stocks, on the other hand, witnessed selling pressure.

Asian share markets ended on a positive note as progress in vaccine distribution and US stimulus hopes prompted bets on further normalization in the global economy.

The Nikkei surged 1.5% while the Shanghai Composite stood lower by 0.2%. The Hang Seng ended up by 0.6%.

European stock markets rose today, tracking an upbeat sentiment from Wall Street on hopes of a faster global economic recovery.

US stock futures are trading higher today indicating a positive opening for Wall Street indices. Nasdaq Futures are trading up by 44 points (up 0.3%), while Dow Futures are trading up by 125 points (up 0.4%).

The rupee is trading at 72.89 against the US$.

Gold prices for the latest contract on MCX are trading up by 1% at Rs 47,157 per 10 grams.

1 2 3
View single page >> |

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

How did you like this article? Let us know so we can better customize your reading experience.


Leave a comment to automatically be entered into our contest to win a free Echo Show.