Sensex surges 214 points; capital goods, healthcare stocks hog the limelight

Our Bureau |Agencies | | Updated on: Dec 06, 2021


Indian equity shares surged nearly 0.8 per cent at the closing session on Wednesday led by capital goods and healthcare stocks amid weak global cues.

Domestic sentiment was propped up on value-buying in blue-chips after five straight session of losses.

The 30-share BSE index Sensex jumped 214.09 points or 0.77 per cent at 27,890.13 and the 50-share NSE index Nifty moved up by 51.95 points or 0.62 per cent at 8,429.70.

Sectoral indices

Among BSE sectoral indices, capital goods index was the star-performer and was up 1.88 per cent, followed by healthcare 1.2 per cent, banking 0.78 per cent and FMCG 0.52 per cent. On the other hand, IT index was down 0.67 per cent, followed by TECk 0.42 per cent, oil & gas 0.41 per cent and PSU 0.41 per cent.

Gainers, losers

Top BSE gainers were HUL 3.59%, Hero MotoCorp 3.4%, L&T 3.29%, Axis Bank 3.19% and Dr Reddy's 3.04%, while the major losers were Wipro 6.01%, ONGC 2.61%, SBIN 1.71%, Maruti 0.78% and Tata Motors 0.72%.

Early trade

The 30-share index, which had lost 1,368.40 points in the previous five sessions, recovered by 151.62 points or 0.54 per cent to 27,827.66 as buying in the stocks of realty, banking, capital goods, oil & gas, healthcare, FMCG and auto sectors, positively impacted the trading sentiment.

Also, the National Stock Exchange index Nifty regained the 8,400-mark by rising 45.45 points or 0.54 per cent to 8,423.20.

Brokers' comment

Brokers said value-based buying in blue-chips after recent losses amid a firm trend in other Asian markets, helped the domestic trading sentiment.

Besides, recovery in the rupee and data showing foreign funds made heavy purchases on the bourses yesterday, triggered domestic buying.

European markets

European stocks fell on Wednesday, failing to extend an overnight rally in Asia as investors looked to Greece's debt crisis and lurch towards possible default as an excuse to cash in gains chalked up earlier in the week.

Europe's EuroFirst 300 index of leading shares was down 0.2 per cent, Germany's DAX was down 0.1 per cent and Britain's FTSE 100 down a half of one per cent.

Asian markets

Japanese shares rallied to a 15-year high on Wednesday on expectations of improved corporate earnings, while oil sagged after Saudi Arabia ended its military campaign in Yemen, easing tensions in the energy-rich Middle East.

Japan's Nikkei rose 1.1 per cent to a high not seen since April 2000, with foreign investors buying on hopes of a strengthening recovery in the world's third-biggest economy and growth in corporate earnings.

In a mixed session for the region South Korea's Kospi gained 0.5 per cent and Chinese and Hong Kong shares also rose. Australian, Malaysian and Indonesian stocks fell.

MSCI's broadest index of Asia-Pacific shares outside Japan stood flat.

Asian equities have found support from Chinese measures to spur lending and combat a slowing economy. On Sunday, China's central bank cut the reserve requirement ratio for the country's lenders in the second reduction in two months.

Published on April 22, 2015
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