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Sensex jumps 400 points, banking, metal stocks surge
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SME Times News Bureau | 24 Aug, 2021
The Indian stock market surged on Tuesday, tracking global cues, with the BSE Sensex closing over 400 points higher.
The across-the-board rise was led by banking, financial and metal stocks.
The Sensex closed at 55,958.98, higher by 403.19 points, or 0.73 per cent, from its previous close of 55,555.79.
It had opened at 55,647.11 and touched an intra-day high of 56,023.22 points and a low of 55,536.84 points.
The
Nifty50 on the National Stock Exchange closed at 16,624.60, higher by
128.15 points, or 0.78 per cent, from its previous close.
HDFC
Securities' Head of Retail Research Deepak Jasani said that a bounce in
China's tech sector led Asian stocks higher on Tuesday and investors
were also cheered by easing worries about an imminent tapering of
stimulus by the US Federal Reserve.
Kotak Securities' Executive
Vice President for Equity Technical Research Shrikant Chouhan said: "The
texture of the pullback rally indicates the index is likely to
consolidate between 16,500 to 16,720 levels. In addition, on the
intraday chart, the index has formed a higher bottom formation which
suggests further uptrend from the current levels."
The top
gainers on the Sensex were Bajaj Finserv, Tech Mahindra, and Tata Steel,
while the major losers were Nestle India, HDFC, and Infosys.
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| Customs Exchange Rates |
| Currency |
Import |
Export |
US Dollar
|
66.20
|
64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
| Japanese
Yen |
58.85 |
56.85 |
| As on 13 Aug, 2022 |
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| Daily Poll |
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| PM Modi's recent US visit to redefine India-US bilateral relations |
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