Rediff.com
Print this article

Sensex jumps 284 pts; Nifty tops 10,000-mark

June 03, 2020 16:23 IST

M&M was the top gainer in the Sensex pack, rising around 5 per cent, followed by Kotak Bank, Bajaj Finance, Nestle India, SBI, ICICI Bank, HDFC Bank and ONGC.

On the other hand, NTPC, IndusInd Bank, Bharti Airtel and Maruti were among the laggards.

Extending its winning streak to the sixth session, equity benchmark Sensex surged 284 points on Wednesday, led by gains in HDFC twins, ICICI Bank and Kotak Mahindra Bank amid positive cues from global markets.

After hitting a peak of 34,488.69, the 30-share index ended 284.01 points or 0.84 per cent higher at 34,109.54.

 

Similarly, the NSE Nifty jumped 82.45 points or 0.83 per cent to 10,061.55.

M&M was the top gainer in the Sensex pack, rising around 5 per cent, followed by Kotak Bank, Bajaj Finance, Nestle India, SBI, ICICI Bank, HDFC Bank and ONGC.

On the other hand, NTPC, IndusInd Bank, Bharti Airtel and Maruti were among the laggards.

The bulls maintained their grip on the market as stocks surged led by massive foreign fund inflows and positive global cues, analysts said.

On a net basis, foreign portfolio investors bought equities worth Rs 7,498.29 crore on Tuesday, provisional exchange data showed.

Further, gradual reopening of economies the world over has fuelled bullish trend in global markets, they said.

Bourses in Shanghai, Hong Kong, Tokyo and Seoul closed up to 2 per cent higher.

International oil benchmark Brent crude futures climbed 1.04 per cent to $39.98 per barrel.

Photograph: Danish Siddiqui/Reuters

© Copyright 2020 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.