Sensex Up Over 500 Points; Nifty Tops 10,150
Indian shares opened sharply higher on Wednesday, mirroring firm global cues as investors cheered prospects of more government stimulus and a global economic recovery from the coronavirus pandemic.
The benchmark S&P BSE Sensex jumped 532 points, or 1.57 percent, to 34,357 in early trade, while the broader NSE Nifty index was up 172 points, or 1.72 percent, at 10,151.
SBI rose 1.4 percent and ICICI Bank rallied 3.7 percent after cutting their savings bank deposit rates.
Reliance Industries gained over 1 percent after its mega rights issue was subscribed more than 1.3 times on the penultimate day of the offer.
Britannia Industries soared almost 6 percent after it reported a 26 percent year-on-year jump in its fourth quarter net profit.
Lupin advanced 1.2 percent. The company has received approval from the United States Food and Drug Administration for Meloxicam Capsules.
Dhampur Sugar Mills surged 4.3 percent after its consolidated profit declined 3.4 percent in the quarter ended March.
Transport Corporation of India added 2.8 percent despite reporting a 25 percent fall in quarterly consolidated net profit.
InterGlobe Aviation jumped 3.3 percent despite the company posting a net loss of Rs 871 crore during the March quarter versus profit of Rs 596 crore in the year-ago period.
Reprinted from RTTNews，the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.