Markets open on strong note; Sensex jumps 503 points

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Markets open on strong note; Sensex jumps 503 points


The Bombay Stock Exchange on Dalal Street. Image for illustration
| Photo Credit: PAUL NORONHA

Benchmark fairness indices rebounded in early commerce on Monday in-tandem with a rally in Asian markets together with shopping for in blue chip corporations HDFC Bank and Reliance Industries.

The 30-share BSE Sensex jumped 503.47 points to 71,204.14 points within the early commerce. Nifty climbed 178.55 points to 21,531.15 points.

Among the Sensex corporations, Sun Pharma, Axis Bank, Kotak Mahindra Bank, Power Grid, Larsen and Toubro, NTPC, ICICI Bank, HDFC Bank and Reliance Industries have been the main gainers.

JSW Steel, Infosys, ITC and Mahindra And Mahindra have been among the many laggards.

In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong have been buying and selling within the constructive territory. The U.S. markets had ended on a combined word on Friday.

Global oil benchmark Brent crude climbed 0.51% to $83.98 a barrel.

Markets have been closed on Friday on account of Republic Day.

On Thursday, Sensex declined 359.64 points or 0.51% to settle at 70,700.67 points whereas Nifty fell 101.35 points or 0.47% to 21,352.60 points.

Foreign Institutional Investors (FIIs) offloaded equities price ₹2,144.06 crore on Thursday, in keeping with alternate knowledge.



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