Sensex Zooms 790 Points, Nifty Settles Above 14,850; Bajaj Finance & IndusInd Bank Among Top Gainers

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

Benchmark indices edged higher by 1.6% today, clocking gains for the third straight day, helped by sharp gains in banking and finance stocks.

At the closing bell, the BSE Sensex stood higher by 790 points (up 1.6%).

Meanwhile, the NSE Nifty closed higher by 212 points (up 1.4%).

Bajaj Finance and IndusInd Bank were among the top gainers today.

Britannia and Hindalco, on the other hand, were among the top losers today.

The SGX Nifty was trading at 14,851, up by 192 points, at the time of writing.

The BSE Mid Cap index and the BSE Small Cap index ended up by 1% and 0.7%, respectively.

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

Shares of TVS Motors and Bajaj Finserv hit their respective 52-week highs today.

Axis Bank and Info Edge were among the top buzzing stocks today.

Asian stock markets ended on a positive note today.

The Shanghai Composite and the Hang Seng ended the day up by 0.4% and 0.5%, respectively.

The Nikkei ended up by 0.2% in today's session.

US stock futures are trading on a negative note today with the Dow Jones Futures trading down by 41 points.

The rupee is trading at 74.35 against the US$.

Gold prices for the latest contract on MCX are trading down by 0.9% at Rs 46,871 per 10 grams.

Bajaj Finance Shares Surge After Q4 Results

In news from the finance sector, Bajaj Finance was among the top buzzing stocks today.

Bajaj Finance (BFL) reported a 42% year-on-year (YoY) jump in consolidated net profit at Rs 13.5 billion for the fourth quarter of the fiscal year ended March 2021.

The company's net profit stood at Rs 9.5 billion in the January-March period of the preceding fiscal year 2019-20.

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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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