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Good News from Stock Market Sensex surges 497 points Nifty ends above 16,750 | Mangal Hi Mangal: Sensex jumps 497 points, Nifty above 16,750, rupee also strong

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Mangal Hi Mangal: Sensex jumps 497 points, Nifty above 16,750, rupee also strong

Highlights

  • The decline in the stock markets for the last two trading sessions came to a halt on Tuesday.
  • Reliance Industries, ICICI Bank and HDFC Bank rise
  • HCL Tech shares up nearly 4 percent

Mumbai. The decline in the stock markets for the last two trading sessions came to an end on Tuesday and the BSE Sensex gained 497 points. Markets firmed up with gains in index heavyweights Reliance Industries, ICICI Bank and HDFC Bank amid a positive trend in other Asian markets. The Sensex, based on 30 major stocks, gained 497 points, or 0.89 per cent, at 56,319.01 and the NSE Nifty jumped 156.65 points, or 0.94 per cent, to end at 16,770.85.

HCL Tech was the top gainer with Sensex shares rising nearly four per cent. Apart from this, Wipro, Tata Steel, Titan, Tech Mahindra and Sun Pharma also gained. On the other hand, the losers included Power Grid, Axis Bank, Bajaj Finance and State Bank of India. Gaurav Garg, Head of Research, CapitalVia Global Research, said the rally in other Asian markets had a positive impact on the domestic market.

He said, “The traders were encouraged by the statement of a senior commerce ministry official. It said on Monday that exports have been strong since December last year and the situation remains the same. Among other Asian markets, China’s Shanghai Composite Index, Hong Kong’s Hang Seng, Japan’s Nikkei and South Korea’s Cospi gained. Stay. In the major markets of Europe, there was a sharp trend in the afternoon trading. Meanwhile, international oil benchmark Brent crude slipped 0.07 per cent to $71.47 a barrel.

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