UPDATED: May 27, 2021 17:38 IST
The blue-chip NSE Nifty 50 index was up 0.24% at 15,337.85, while the benchmark S&P BSE Sensex was 0.19% higher at 51,115.22. (Photo: Reuters)
Indian shares closed higher on Thursday, helped by gains in financials and information technology stocks, while a steady decline in daily COVID-19 cases also helped investor sentiment.
The blue-chip NSE Nifty 50 index was up 0.24% at 15,337.85, while the benchmark S&P BSE Sensex was 0.19% higher at 51,115.22.
India s central bank said the economy had not moderated as much as it did during the first wave of the coronavirus, but uncertainties might act as a short-term deterrent and private demand would be key to revival.
Benchmark indices Sensex and Nifty ended flat on Tuesday as heavyweight financials negated support from IT and metal stocks. However, stock market investors remain optimistic as daily Covid-19 cases continue to fall.
Sensex soars nearly 900 points as financial stocks rise
Sensex soars nearly 900 points as financial stocks rise
The NSE Nifty 50 index settled 1.67% higher at 14,923.15, snapping a three-session losing streak, while the benchmark S&P BSE Sensex ended up 1.74% at 49,580.73.
advertisement
UPDATED: May 17, 2021 16:28 IST
Financial stocks performed well as daily Covid-19 cases fell below three lakh for the first time since April 21. (Photo: Reuters)
The NSE Nifty 50 index settled 1.67% higher at 14,923.15, snapping a three-session losing streak, while the benchmark S&P BSE Sensex ended up 1.74% at 49,580.73.
Last week, both indexes lost 0.9% after worries over higher U.S. inflation triggered a sell-off in global markets.
Markets rise after RBI announces Covid relief measures; Bank, pharma stocks gain
Markets rise after RBI announces Covid relief measures; Bank, pharma stocks gain
Stock markets rose on Tuesday after the Reserve Bank of India announced some relief measures to help India s fight against Covid-19.
advertisement
UPDATED: May 5, 2021 16:29 IST
The Nifty Bank Index rose 1.59%, while the Nifty PSU Bank Index, which tracks state-run banks, gained 1.47%. (Photo: Reuters)
Reserve Bank of India Governor Shaktikanta Das announced relief to individual borrowers and small businesses by including one-time debt restructuring for loans, and unveiled a special liquidity window of up to 500 billion rupees ($6.76 billion) for banks to lend to the healthcare sector.