Sensex Rallies 504 Points, Nifty Reclaims 11,800 Points Amid Positive Cues from Global Markets Ahead of US Polls
Equity benchmark Sensex rallied 504 points on Tuesday, tracking a strong uptick in index majors ICICI Bank, HDFC twins and SBI amid positive cues from global markets ahead of the US presidential election. The 30-share BSE index ended 503.55 points or 1.27 per cent higher at 40,261.13.
Similarly, the broader NSE Nifty jumped 144.35 points or 1.24 per cent to 11,813.50. ICICI Bank was the top gainer in the Sensex pack, soaring over 6 per cent, followed by SBI, HDFC, PowerGrid, Sun Pharma, IndusInd Bank, Titan, Bajaj Auto and HDFC Bank.
On the other hand, NTPC, Reliance Industries, Nestle India, HCL Tech and Infosys were among the laggards. According to traders, domestic equities followed the positive trend in global markets ahead of the US presidential election.
Bourses in Shanghai, Hong Kong, Seoul, and Tokyo ended with significant gains. Stock exchanges in Europe were also trading on a positive note in early deals.
“Wall Street recovered on the eve of Election Day with investors appeared to be going by the late polls, which suggests Joe Biden leads over Donald Trump,” said Arjun Yash Mahajan Head Institutional Business at Reliance Securities. Meanwhile, international oil benchmark Brent crude was trading 3.31 per cent higher at USD 40.26 per barrel.
In the forex market, the rupee settled almost flat at 74.41 against the US dollar.
Stay connected with us on social media platform for instant update click here to join our ????️????️ Twitter, & Facebook
We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Business headlines.
For all the latest Business News Click Here
For the latest news and updates, follow us on Google News.
Also, if you like our efforts, consider sharing this story with your friends, this will encourage us to bring more exciting updates for you.
