Sensex closes above 52K mark, banking and financial stocks surge
Video Credit: ANI - Duration: 01:17s - Published
Sensex closes above 52K mark, banking and financial stocks surge
Contained coronavirus infections and some broad indications of a rebound in economic activity boosted investor confidence on Monday with key equity indices trading at fresh lifetime highs.
Besides, firm global cues led banking and financial stocks to garner handsome gains.
The BSE SandP Sensex closed 610 points or 1.18 per cent higher at 52,154 while the Nifty 50 advanced by 151 points or 1 per cent to 15,315.
Sectoral indices at the National Stock Exchange were mixed with Nifty private bank up by 3.2 per cent, PSU bank by 2.2 per cent and financial service by 2.8 per cent.
But Nifty metal was down by 0.4 per cent and pharma by 0.3 per cent.
Among stocks, Axis Bank moved up by 6.2 per cent to Rs 797 per share.
ICICI Bank edged higher by 4.1 per cent, IndusInd Bank by 3 per cent and HDFC Bank by 2 per cent.
As the trading session commenced on April 19th, both the Sensex and the Nifty continued their downward trend for the fifth consecutive day, fueled by reports of Israel's recent missile launch on Iran. This event triggered a surge in oil and gold prices, heightening concerns about the global economy. Concurrently, the commencement of Lok Sabha elections added to the domestic landscape. The Indian rupee also opened at a historic low of 83.55 per Dollar.
#Market, #Sensex, #Nifty, #IranIsraelConflict, #StockMarket
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Market pressure persisted for the third consecutive session as key indices, including Sensex, Nifty, and Nifty Bank, witnessed notable declines. The midcap index closed in the red despite performing relatively better. Geopolitical tensions between Iran and Israel contributed to the market downturn. US stock futures dipped after major benchmarks suffered losses, while European and Asia-Pacific markets also experienced significant drops.
#Business #Businessnews #StockExchange #IranIsrael #Businessimpact #Sensex #Nifty #Gold #Businessupdates #Economy #Indianews #Oneindia #OneindiaNews
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