October 20, 2021

The World Live Breaking News Coverage & Updates IN ENGLISH

The World Live Breaking News Coverage & Updates IN ENGLISH

Sensex jumps 488 points on positive global cues; Nifty ends at 17,790

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Sensex jumps 488 points on positive global cues; Nifty ends at 17,790
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Sensex jumps 488 points on positive global cues; Nifty ends at 17,790
Sensex jumps 488 points on positive global cues; Nifty ends at 17,790

NEW DELHI: Equity indices surged on Thursday with the benchmark BSE sensex rising over 450 points as realty, FMCG and auto stocks shine amid positive cues from global markets.
The 30-share BSE index jumped 488 points or 0.82 per cent to close at 59,678; while the broader NSE Nifty settled 144 points or 0.82 per cent higher at 17,790.
Titan was the top gainer in the sensex pack rising as much as 10.63 per cent after the jewellery maker said it expects strong revenue growth in the second quarter.
M&M, Maruti, IndusInd Bank and Asian Paints were the other gainers.
While Dr Reddy’s, HDFC, Nestle India, Bajaj Finserv and HUL were the major losers falling up to 1.31 per cent.
On the NSE platform, sub-indices Nifty Realty, Consumer Durables and Auto stocks gained as much as 6.16 per cent.
The IT Index lent good support ahead of earnings starting on Friday.
“Global cues have improved – domestically things are looking up with unlocking and we can expect this momentum to hold until there are fresh domestic triggers,” Narendra Solanki, head of equity research (fundamental) at Anand Rathi Investment Services told news agency Reuters.
Most Asian markets rose, reflecting overnight gains on Wall Street after US politicians appeared close to a deal to avert a debt default, while Russia reassured Europe on gas supplies and oil prices pulled back from multi-year highs, helping calm volatile global markets.
Investors are now awaiting the outcome of the Reserve Bank’s policy meeting and for another corporate earnings season to kick-off on Friday.
Meanwhile, international oil benchmark Brent crude slipped 0.97 per cent to $80.29 per barrel.
(With inputs from agencies)

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