Indian equities began the brand new fiscal 12 months on a robust observe on Thursday, with the BSE Sensex surging over 520 factors to settle above the 50,000-level on across-the-board shopping for by members amid optimistic world cues.
At the closing bell, the 30-share BSE index quoted 520.68 factors or 1.05 per cent increased at 50,029.83.
Similarly, the broader NSE Nifty rose 176.65 factors or 1.2 per cent to settle at 14,867.35.
On the Sensex chart, 25 shares ended with positive factors.
IndusInd Bank, Kotak Bank, ICICI Bank, Sun Pharma, Bajaj Finance and Ultratech Cement have been outstanding gainers.
On the opposite hand, HUL, Nestle, HDFC Bank, TCS, Titan and Tech Mahindra suffered losses.
Binod Modi, Head – Strategy at Reliance Securities, mentioned, “Domestic equities shrugged-off COVID-19 spikes on favourable global cues and recovered sharply mainly led by strong buying in financials and automobile stocks. Strong monthly volume for March helped auto stocks to attract investors’ interest.”
Meanwhile, the worldwide oil benchmark Brent crude was buying and selling 0.6 per cent decrease at USD 63.95 per barrel.
Elsewhere in Asia, bourses clocked positive factors because the announcement of US infrastructure stimulus plan boosted investor sentiment globally.
Foreign buyers offloaded equities price Rs 1,685.91 crore within the Indian markets on Wednesday, alternate knowledge confirmed.
