Finance
By: Shree1news, 11 FEB 2021
Indian stock market benchmark Sensex today ended at fresh closing high, reversing a two-session slide. Strong gains in market heavyweight Reliance Industries, which surged 4%, and different stocks like HUL, Bajaj Finance, Solar Pharma propelled gains today. Broader BSE midcap and smallcap indices rallied 0.5% and 1% respectively.
Dovish comments from US Federal Reserve Chair Jerome Powell also bolstered global investor sentiment.
The 30-share BSE Sensex settled 222 points higher at its new closing peak of 51,531 whereas the broader NSE Nifty advanced 0.44% to 15,173, also a closing high.
Alternatively, Titan, L&T, HDFC Bank, ITC, ONGC and SBI have been among the laggards, tumbling up to 2.50%. The Indian rupee ended 3 paise lower at 72.87 towards the US dollar.
Hindalco Industries closed 5.7% higher after the aluminium and copper producer reported double-digit increases in quarterly profit and revenue, pushing the Nifty metals index up 1.02%.
Magma Fincorp jumped 10% after a firm backed by billionaire Adar Poonawalla stated it would buy a majority stake in the company.
Source:A-N
