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Available on  gplay  » Business » Sensex, Nifty jump nearly 1% on gains in IT, banking shares

Sensex, Nifty jump nearly 1% on gains in IT, banking shares

Source: PTI
Last updated on: November 06, 2023 16:47 IST
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Benchmark Sensex and Nifty rallied for a third straight session on Monday, closing higher by nearly 1 per cent on gains in IT, private banks and capital goods shares amid favourable trends in global markets.


Photograph: Shailesh Andrade/Reuters

The 30-share BSE Sensex jumped 594.91 points or 0.92 per cent to settle at 64,958.69.

During the day, it rallied 628.76 points or 0.97 per cent to 64,992.54.


The broader Nifty of the National Stock Exchange climbed 181.15 points or 0.94 per cent to 19,411.75.

Among the Sensex firms, Larsen & Toubro, Axis Bank, Tata Steel, Bajaj Finance, Power Grid, Asian Paints, Mahindra & Mahindra and Bajaj Finserv were the biggest gainers.

State Bank of India, Hindustan Unilever, Tata Motors and Titan were the laggards.

"Optimism continued as soft US payroll data and expectations of moderation in monetary tightening by the Fed supported the sentiment.

"Since most of the headwinds are global in nature, investor sentiment has shifted to domestic-oriented businesses, where festive demand is healthy," said Vinod Nair, head of research at Geojit Financial Services.

In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong settled in the green.

Global oil benchmark Brent crude climbed 1.35 per cent to $86.04 a barrel.

Foreign institutional investors (FIIs) offloaded equities worth Rs 12.43 crore on Friday, according to exchange data.

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