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Equity benchmark Sensex settled 465 points higher today after taking cues from strong global markets. The Japan’s Nikkei index traded higher by 1.80 per cent, while the Hang Seng index advanced nearly 4 per cent today.
Domestic indices rallied on positive sentiment led by hopes of a COVID-19 vaccine, improving macroeconomic conditions and massive buying-interest in global benchmarks despite surging coronavirus cases across the world
The BSE benchmark index Sensex opened at 36,313.46, touched an intraday high of 36,661.66, and finally settled higher by 465.86 points, or 1.29%, at 36,487.28.
Similarly, On the NSE, the Nifty 50 too ended higher by 156.30 points, or 1.47 per cent, at 10,763.65.
Prominent gainers that drove the markets higher were M&M, Bajaj Finance, Reliance, Maruti, HDFC Bank, TCS, Tata Steel and Tech Mahindra, which rose between 2.50 per cent to 7 per cent.
However, a few notable losers were Bajaj Auto, HDFC, Hindustan Lever and Bharti Airtel stocks which fell up to 1 per cent on moderate sell-off in those counters.
PTI adds:
Foreign institutional investors turned net buyers in the capital market on Friday, purchasing equities worth Rs 857.29 crore, provisional exchange data showed.
Bourses in Shanghai, Hong Kong, Tokyo and Seoul soared up to 4 per cent on hopes of more government stimulus to support economic recovery.
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