Sensex up by 282 points

Sensex up by 282 points

The S&P BSE Sensex climbed 0.51 per cent to 44,105.39.

However, Indian markets, which had already registered a fresh all-time high in the last trading session, is likely to see a quiet start as SGX Nifty indicates that Nifty may open around 12,962.50 levels, up by 9 points. A strengthening rupee also boosted market sentiments, traders said.

Similarly, the broader NSE Nifty touched the 13,000 mark for the first time ever as it rose 76.65 points or 0.59% to 13,003.10.

HDFC Bank followed by Maruti, ONGC, Axis Bank, L&T, Titan, ICICI Bank and PowerGrid were among the top gainers on Sensex. However, profit booking was witnessed in select heavyweight financials after recommendation of IWG (Internal Working Group) of RBI did not favour them much, which led financials to end in red today.

Vinod Nair, Head of Research at Geojit Financial Services said, "Market is inching higher with more confidence that Covid19 vaccine will be available in India soon". Nifty Midcap 100 index outperformed the benchmark index, closing 1.3% higher. Nifty Mid-cap and Small-cap rose 1.31 and 2.06 per cent, respectively.

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Mumbai: The BSE Sensex on Monday advanced by 282 pts at 44,164.17 in the opening trade, following gains in Metal, Oil and Gas, Power and Realty stocks.

The recent rally in domestic markets is supported by heavy buying by Foreign Institutional Investors (FII).so far this month, FIIs have pumped in a record breaking Rs 55,474 crore into domestic securities.

Elsewhere in Asia, bourses in Shanghai, Hong Kong and Seoul ended with significant gains.

The rupee appreciated 10 paise to close at 74.01 against the U.S. dollar on Tuesday.

Meanwhile, Brent crude futures, the global oil benchmark, rose 0.85 per cent to Dollars 46.45 per barrel.

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