Sensex Ends 529 Points Higher, Nifty Nears 13750; RIL Gains 2.5%


Business

oi-Roshni Agarwal

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Benchmark indices ahead of the Christmas holiday ended with solid gains of over 1% led by surge in banks and financials. Nifty Bank added 1.74% or over 500 points in today’s session.Broader markets however underperformed with gains of just 0.18% on Nifty Midcap 100.

Heavyweight stocks including HDFC, Bajaj Finance, Reliance Industries and Axis Bank lifted the frontline indices to near record highs.

Sensex Ends 529 Points Higher, Nifty Nears 13750; RIL Gains 2.5%

Sensex Ends 529 Points Higher, Nifty Nears 13750; RIL Gains 2.5%

Major gainers in today’s trade have been Tata Motors, Axis Bank, Sun Pharma, ONGC and Reliance, while list of top losers include Infosys, Nestle, Wipro, UPL and Grasim.

Shares of ITDC and BEML ended with gains of over 15% and 7%, respectively, after reports suggest that department of investment and public asset management (DIPAM) will kick-start the strategic sale process of several PSUs including BEML, ITDC and Central Electricity Corporation.

Low cost carrier SpiceJet on Thursday said it has inked an MoU with GMR Hyderabad Air Cargo (GHAC), a GMR group company, to provide a seamless service to all vaccine manufacturers in the region. The scrip of Spicejet however ended with losses of over 2%.

At the time of writing this copy, European indices also traded with gains of up to 1.26% on German DAX, while US stock futures also point to a positive start for the US markets.

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