ANI
04 Oct 2022, 17:33 GMT+10
Mumbai (Maharashtra) [India], October 4 (ANI): The Indian stock market's key indices, Sensex and Nifty, surged by more than 2 per cent on Tuesday led by strong buying support in heavyweights TCS, ITC, HDFC Bank and Reliance Industries amid strong global cues.
The 30 stock SP BSE Sensex surged 1276.66 points or 2.25 per cent to 58,065.47 points against its previous day's close at 56,788.81 points.
Tracking buoyancy in the global equities, the Indian equities markets started the day with strong gains on Tuesday. The Sensex started the day 57,506.65 points and soared past 58,000 points mark. The Sensex hit a high of 58,099.94 points in the intra-day.
The stock markets witnessed a strong rally after Monday's slump. The Sensex had lost 638.11 points or 1.11 per cent on Monday.
The broader Nifty 50 of the National Stock Exchange soared 386.95 points or 2.29 per cent to 17,274.30 points against its previous day's close at 16,887.35 points.
The Nifty had lost 207.00 points or 1.21 per cent on Monday.
Tata Consultancy Services surged 3.58 per cent to Rs 3092.50. Tata Steel soared 2.90 per cent to Rs 101.15. HDFC Bank soared 2.81 per cent to Rs 1452.60. The index heavyweight Reliance Industries Limited jumped 1.63 per cent to Rs 2413.05.
There was strong buying support in banking and financial stocks. IndusInd Bank surged 5.29 per cent to Rs 1217.30. Bajaj Finance jumped 4.23 per cent to Rs 7475. HDFC soared 2.96 per cent to Rs 2350.55. State Bank of India jumped 2.51 per cent to Rs 532.70.
Wipro, Tata Steel, LT, ITC, Infosys, Axis Bank, Bajaj Finserv, ICICI Bank, Maruti Suzuki, Kotak Bank and Tech Mahindra were among the major Sensex gainers.
Buying support was across the board. Only three of the 30 scrips that are part of the benchmark Sensex closed in the red. Power Grid Corporation slipped 1.07 per cent to Rs 208.50. Sun Pharma and Dr Reddy's Laboratories also closed in the red. (ANI)Get a daily dose of Japan Herald news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Japan Herald.
More InformationMELBOURNE, Australia: An Australian warship rescued Lithuanian adventurer Aurimas Mockus this week after he became stranded in the...
SEOUL, South Korea: A U.S. aircraft carrier reached South Korea over the weekend, shortly after North Korea test-fired cruise missiles...
TOKYO, Japan: The number of babies born in Japan fell to a record low of 720,988 in 2024 for a ninth consecutive year, the health ministry...
SEOUL, South Korea: For the first time in nine years, South Korea recorded a rise in births, offering a rare positive sign in the country's...
ROME, Italy: U.S. authorities have accused North Korean-backed hackers of stealing US$1.5 billion in cryptocurrency from Dubai-based...
BLUE MOUNTAINS, NSW, Australia - The New South Wales Police Force is appealing for public assistance in their ongoing investigation...
MILAN, Italy: Prada CEO Andrea Guerra suggested this week that the Italian luxury brand is keeping its options open regarding potential...
OSLO/COPENHAGEN: Tesla is experiencing a sharp drop in sales across Scandinavia and France as shifting consumer sentiment and an aging...
NEW YORK, New York - U.S. stocks fell sharply Thursday as investors and traders struggled with Presient Trump's controversial trade...
TOKYO, Japan: Honda is making a strategic shift in its production plans, moving the next-generation Civic hybrid manufacturing from...
CINCINNATI, Ohio: Kroger CEO Rodney McMullen has resigned following a board investigation that found his personal conduct to be inconsistent...
HANOI, Vietnam: Vietnam is set to fast-track licensing for Elon Musk's Starlink satellite internet service, while also exploring ways...