Among the Sensex companies, Bharti Airtel, Tech Mahindra, Wipro, Tata Consultancy Services, HCL Technologies, Infosys, Mahindra & Mahindra, HDFC Bank, Axis Bank and Reliance Industries have been the key gainers.
| Photo Credit: Reuters
Equity benchmark indices rallied in early trade on November 29 amid steady foreign fund inflows together with buying in heavyweight IT stocks, Reliance Industries and HDFC Bank.
The 30-share BSE Sensex climbed 305.44 factors to 66,479.64 in early trade after starting the day on a optimistic notice. The Nifty went up by 103 factors to 19,992.70.
Among the Sensex companies, Bharti Airtel, Tech Mahindra, Wipro, Tata Consultancy Services, HCL Technologies, Infosys, Mahindra & Mahindra, HDFC Bank, Axis Bank and Reliance Industries have been the key gainers. Power Grid and NTPC have been the laggards.
In Asian markets, Tokyo quoted with good points whereas Seoul, Shanghai and Hong Kong traded decrease. The U.S. markets ended marginally up on November 28.
“Since the global market backdrop continues to be favourable, the rally in India is likely to continue. The drop in U.S. 10-year bond yield to 4.3% and the dollar index dropping below 103 are positive for equity markets. FIIs have turned buyers responding to the changed reality,” mentioned V. Ok. Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
Global oil benchmark Brent crude declined 0.02% to $81.66 a barrel. Foreign Institutional Investors (FIIs) purchased equities value ₹783.82 crore on Tuesday, in response to alternate knowledge.
The BSE benchmark climbed 204.16 factors or 0.31% to settle at 66,174.20 on Tuesday. The Nifty gained 95 factors or 0.48% to 19,889.70.
