Sensex Ends 432 Points Higher As Metal Stocks Outperform; Tata Steel & JSW Steel Rally Over 5%

Indian share markets witnessed buying interest during closing hours and ended today's volatile session higher.

The BSE Sensex, which hit a low of 43,582, bounced back nearly 700 points and ended around 44,250 levels.

At the closing bell, the BSE Sensex stood higher by 432 points (up 1%).

The NSE Nifty closed higher by 129 points (up 1%).

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

The SGX Nifty was trading at 13,051, up by 191 points, at the time of writing.

The BSE Mid Cap index ended up by 0.9%. The BSE Small Cap index ended up by 0.7%.

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

Asian stock markets ended on a positive note. As of the most recent closing prices, the Hang Seng ended up by 0.6% while the Nikkei ended up by 0.9%.

European shares inched higher in early trade today, but gains were limited as an extension of coronavirus restrictions in Germany and grim economic growth forecasts for the United Kingdom dented sentiment.

US stock futures are trading on a flat note. Nasdaq Futures are trading up by 41 points (up 0.3%), while Dow Futures are trading up by 7 points (up 0.1%).

The rupee is trading at 73.84 against the US$.

The domestic currency appreciated 97 paise to 73.82 against the US$ today on sustained foreign fund inflows and weak American currency.

In the previous session, the rupee appreciated by 10 paise to close at nearly a one-month-high of 73.91 against the US dollar.

Gold prices are trading up by 0.5% at Rs 48,736 per 10 grams.

Here are Top 5 Reasons Why Indian Share Markets Ended Higher Today

Economic Recovery: Reserve Bank of India (RBI) Governor Shaktikanta Das today said the country's economy has recovered stronger than expected from the initial impact of the COVID-19 pandemic, but there is a need to be watchful of demand sustainability after the end of festivities.

Relaxation in Surveillance Measures: The capital market regulator on Wednesday relaxed certain surveillance measures, including those pertaining to market-wide position limits, that were put in place eight months ago to curb volatility in the markets due to 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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