Home » SENSEX, NIFTY EK OUT GAIN; Energy, IT stocks save the day
Business

SENSEX, NIFTY EK OUT GAIN; Energy, IT stocks save the day

The benchmark indices Sensex and Nifty fell after two sessions of fall as investors snapped up energy, IT and pharma stocks.

After fighting several bouts of volatility during the session, the BSE gauge Sensex rose 35.75 points, or 0.07%, to close at 50,441.07. Intraday, the index rose 667 points, but surpassed most of its gains tracking weakness in global markets.

NSE Nifty gained 18.10 points or 0.12% to close at 14,956.20. On the SENSEX chart, L&T, ONGC, HCL Tech, NTPC, Axis Bank and Infosys benefited. On the other hand, Bajaj Finance, IndusInd Bank, UltraTech Cement, Bajaj Auto and HDFC emerged as the twin top laggards.

In other Asian markets, equity suffered amid continued volatility in the wake of concerns over bond yields. However, Asian stocks had started the session at a higher level, prompting the US Senate to pass a $ 1.9 trillion stimulus bill for the COVID-19 relief package.

Investor nerves also calmed after the US Department of reported stronger-than-expected jobs data for February. Global crude oil prices climbed after Saudi Arabia reported a drone attack on its oil facilities.

As per exchange data, foreign investors on offloaded equity of ₹ 2,014.16 crore in Indian capital markets on a net basis.

On the foreign exchange market front, the rupee closed 23 paise down at 73.25 against the US dollar on 8 March.

You have reached your limit for free articles this month.

Membership benefits included

Today’s paper

Get a -friendly version of the article from the newspaper of the day in an easy-to-read list.

unlimited access

Enjoy reading as many articles as you want without any limitations.

Personal recommendations

A selected list of articles that match your interests and tastes.

Fast page

Move seamlessly between articles as our pages load instantly.

Dashboard

One-stop-shop to see the latest updates and manage your preferences.

Talk

We inform you about the latest and most important events three times a day.

Support quality journalism.

* Our digital subscription plans currently do not include e-paper, crosswords and print.

.

About the author

admin

Add Comment

Click here to post a comment