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Sensex rises over 200 points in early trade
Equity benchmark Sensex jumped over 200 points in early trade on Tuesday, tracking gains in index majors Reliance Industries, ICICI Bank and HDFC twins amid largely positive cues from Asian peers.
The 30-share BSE index was trading 236.71 points or 0.49 per cent higher at 48,120.09. Similarly, the broader NSE Nifty advanced 68.55 points or 0.48% to 14,379.35.
ONGC was the top gainer in the Sensex pack, rising over 3 per cent, followed by M&M, PowerGrid, Bajaj Finance, L&T, ICICI Bank and Bajaj Finserv. On the other hand, TCS, Tech Mahindra, Infosys, Dr Reddyâs and HCL Tech were among the laggards.
Top gainers in the BSE pack included M&M, Bajaj Finserv, Bajaj Finance, Maruti, Axis Bank and ONGC with their stocks rising as much as 7.81 per cent. (File photo)
NEW DELHI: Equity indices rebounded on Tuesday after a bruising coronavirus-led tumble in the previous session, as banking, auto and metal stocks surged.
The benchmark BSE sensex jumped 661 points or 1.38 per cent to close at 48,544; while the broader NSE Nifty moved 194 points or 1.36 per cent higher to settle at 14,505.
Top gainers in the BSE pack included M&M, Bajaj Finserv, Bajaj Finance, Maruti, Axis Bank and ONGC with their stocks rising as much as 7.81 per cent.
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Last Updated: Apr 12, 2021, 08:05 AM IST
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Asian shares started cautiously on Monday as investors waited to see if US earnings can justify sky-high valuations, while bond markets could be tested by what should be very strong readings for U.S. inflation and retail sales this week.
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Asian markets edged higher this morning, but domestic stocks may see a weak start amid a record rise in Covid cases and prospects of lockdown in Maharashtra. All eyes would be on TCS’ quarterly earnings, while CPI and factory output readings are scheduled for release later for the day. The rupee, which fell for five days, would also be on investor radar, as FPIs have turned net sellers in April so far.