Rediff.com  » Business » Sensex, Nifty soar to record highs amid global rally

Sensex, Nifty soar to record highs amid global rally

Source: PTI
January 20, 2021 16:46 IST
Get Rediff News in your Inbox:

Among Sensex stocks, Maruti rose the most, followed by Tech Mahindra, Mahindra & Mahindra and Asian Paints. Gains in Reliance, TCS, Infosys, HCL Tech, HDFC and ICICI Bank also helped the barometer extend its rally for a second day.

Benchmark BSE Sensex rose by 393 points on Wednesday following gains in IT, energy and auto stocks amid strong global cues on hopes of fresh stimulus measures by the incoming US administration.

The 30-share Sensex advanced by 393.83 or 0.80 per cent to close at its fresh record of 49,792.12.

The broader NSE Nifty jumped 123.55 points or 0.85 per cent to settle at a lifetime high of 14,644.70.

 

World stocks advanced on Wednesday after US Treasury Secretary nominee Janet Yellen called for a hefty stimulus to protect the US economy.

President-elect Joe Biden, who will be sworn into office on Wednesday, laid out a $1.9 trillion stimulus package proposal to boost the economy.

Among Sensex stocks, Maruti rose the most by 2.75 per cent, followed by Tech Mahindra (2.67 per cent), Mahindra & Mahindra (1.98 per cent) and Asian Paints (1.98 per cent).

Gains in Reliance, TCS, Infosys, HCL Tech, HDFC and ICICI Bank also helped the barometer extend its rally for a second day.

Among losers, Power Grid dropped 1.75 per cent and NTPC by 1.35 per cent.

Asian shares were mostly higher ahead of Joe Biden's inauguration as US president.

Australia's S&P/ASX 200 rose 0.4 per cent and South Korea's Kospi by 0.6 per cent while Hong Kong's Hang Seng added 0.7 per cent.

Japanese market however dropped 0.4 per cent due to fresh COVID-19 concerns.

Photograph: Shailesh Andrade/Reuters

Get Rediff News in your Inbox:
Source: PTI© Copyright 2021 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
SHARE THIS STORY 

Moneywiz Live!