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sensex today: Sensex surges 848 points as banking shares rise; Nifty ends above 14,900

Major gainers in the 30-share BSE pack included IndusInd Bank, SBI, ICICI Bank, HDFC twins (HDFC and HDFC Bank), Axis Bank and Bajaj Finserv. (File photo) NEW DELHI: Equity indices surged on Monday with the benchmark BSE sensex rising nearly 850 points led by gains in banking stocks. Sensex zoomed 848 points or 1.74 per cent to close at 49,581; while the broader NSE Nifty moved 245 points or 1.67 per cent higher to settle at 14,923. Top gainers in the BSE pack included IndusInd Bank, SBI, ICICI Bank, HDFC twins (HDFC and HDFC Bank), Axis Bank and Bajaj Finserv with their shares rising as much as 7.46 per cent.

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RPT-Indian shares rise with financials in lead as COVID-19 cases fall

(Repeats with no changes to text or headline) BENGALURU, May 17 (Reuters) - Indian shares rose on Monday as market sentiment improved after domestic coronavirus cases fell below the 300,000 mark for the first time since April 21, with financials rebounding from a sharp drop in the previous session. The NSE Nifty 50 index climbed 0.82% to 14,798.55 by 0505 GMT, up after three straight sessions of falls, while the benchmark S&P BSE Sensex advanced 0.93% to 49,191.68. Last week, both indexes lost 0.9% after worries over higher U.S. inflation triggered a sell-off in global markets. “The decline in the speed of new cases is helping domestic markets,” said Narendra Solanki, head of equity research (fundamental) at Anand Rathi Investment Services.

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Sensex soars nearly 900 points as financial stocks rise

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.

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Financials push India stocks higher as domestic COVID-19 cases ease

Indian shares closed more than 1% higher on Monday, boosted by gains in financial stocks, as investor sentiment improved after domestic coronavirus cases fell below the 300,000 mark for the first time since April 21.

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Brokerage houses raise target on Nifty, may reach 16,500 in next 12 months | ब्रोकरेज हाउसेस ने निफ्टी पर बढ़ाया टार्गेट, अगले 12 महीने में पहुंच सकता है 16,500 के पार

Brokerage houses raise target on Nifty, may reach 16,500 in next 12 months | ब्रोकरेज हाउसेस ने निफ्टी पर बढ़ाया टार्गेट, अगले 12 महीने में पहुंच सकता है 16,500 के पार
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