Sensex Ends 403 Points Higher; Metal And Realty Stocks Witness Buying

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

Benchmark indices scaled fresh peaks today with the BSE Sensex rising over 400 points amid positive investor sentiment over the roll-out of COVID-19 vaccines.

Sentiment also got a boost after S&P Global Ratings on Tuesday raised India's growth projection for the current fiscal to (-)7.7% from an (-)9% estimated earlier.

At the closing bell, the BSE Sensex stood higher by 403 points (up 0.9%).

The NSE Nifty closed higher by 115 points (up 0.9%).

HDFC and ONGC were among the top gainers today.

The SGX Nifty was trading at 13,690, up by 105 points, at the time of writing.

Both, the BSE Mid Cap index and the BSE Small Cap index ended up by 0.9%.

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

Shares of real estate companies continued their upward trend, with the Nifty Realty index surging 4% on hopes of a revival in demand.

Shares of Godrej Properties and Nestle India hit their respective 52-week high today.

Asian stock markets ended on a positive note today on account of US economic stimulus optimism.

As of the most recent closing prices, the Hang Seng ended up by 0.9% while the Nikkei ended up by 0.3%.

European shares surged to their highest levels since February, on upbeat business activity data in the region, raising hopes of a Brexit trade deal, and the possible roll-out of a vaccine in the continent before the new year.

US stock futures are trading marginally higher. Nasdaq Futures are trading up by 44 points (up 0.3%), while Dow Futures are trading up by 65 points (up 0.2%).

The rupee is trading at 73.57 against the US$.

Gold prices are trading up by 0.7% at Rs 49,809 per 10 grams.

In news from the commodity space, crude oil prices fell today on a surprise gain in crude oil inventories in the United States and on persistent investor worries about demand for fuel being squeezed amid tighter lockdowns in Europe to counter the coronavirus pandemic.

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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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