Sensex Ends 259 Points Higher; Banking And Finance Stocks Witness Buying

Extending gains to the fifth straight day, Indian share markets witnessed positive trading activity throughout the day and ended higher.

After scaling fresh peaks in opening trade, benchmark indices erased some gains in the afternoon session. However, indices regained momentum during closing hours amid buying in financial stocks.

At the closing bell, the BSE Sensex stood higher by 259 points. The NSE Nifty stood higher by 59 points.

IndusInd Bank and Tech Mahindra were among the top gainers today. Nestle, on the other hand, was among the top losers today.

SGX Nifty was trading at 14,010, up by 118 points, at the time of writing.

The BSE Mid Cap index ended down by 0.1%. The BSE Small-Cap index ended higher by 0.2%.

The BSE Smallcap index rose to a 31-month high after domestic mutual funds and insurance companies acquired select companies' share from open market.

Sectoral indices ended on a mixed note with stocks in the banking sector and finance sector witnessing buying interest.

Metal stocks and power stocks, on the other hand, witnessed selling pressure.

Asian share markets ended higher today, with Japanese stocks hitting a 30-year high, as hopes that a long-awaited US pandemic relief package would be expanded, and a Brexit trade deal supported investor risk appetite.

As of the most recent closing prices, the Hang Seng stood higher by 1% and the Nikkei zoomed 2.7%.

US stock futures are trading higher today, indicating a positive start for Wall Street indices.

Nasdaq Futures are trading up by 54 points (up 0.4%), while Dow Futures are trading up by 159 points (up 0.5%).

European stock markets extended their year-end rally as a Brexit trade deal, hopes of an expanded US stimulus package, and euro zone's marathon Covid-19 vaccination campaign brightened prospects for global growth in 2021.

The rupee is trading at 73.38 against the US$.

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