Business

Sensex jumps 748 points, Reliance Industries spurts 7.4 pc

ANI | August 04, 2020 04:04 PM
Reliance Industries spurted by 7.4 pc on Tuesday to close at Rs 2,158.50 per share.

Mumbai (Maharashtra) [India], Aug 4 (ANI): Bulls held a firm grip on the D-Street on Tuesday as equity benchmark indices scaled up 2 per cent with broad-based buying across financial, auto and realty sectors.

At the closing bell, the BSE S&P Sensex was up by 748 points or 2.03 per cent at 37,688 while the Nifty 50 gained by 211 points or 1.94 per cent at 11,103.

Except for Nifty IT, all sectoral indices at the National Stock Exchange were in the green with Nifty financial service moving up by 2.3 per cent, private bank by 2 per cent, realty by 1.8 per cent and auto by 1.6 per cent.

But Nifty IT dipped by 0.7 per cent after US President Donald Trump signed an executive order restricting federal agencies from contracting or subcontracting foreign workers.

Among stocks, index heavyweight Reliance Industries offset yesterday's losses and gained by 7.44 per cent to close the session at Rs 2,158.50 per share.

HDFC Bank advanced by 6.3 per cent after reports said that the Reserve Bank of India has approved the appointment of Sashidhar Jagdishan as the new Chief Executive Officer. The Additional Director and Head of Finance and HR will replace long-serving leader Aditya Puri.

Axis Bank and ICICI Bank ticked up by 2.7 per cent and 2.3 per cent respectively while auto majors Maruti Suzuki and Hero MotoCorp added gains of 3.2 per cent and 2.7 per cent.

The other prominent gainers were Zee Entertainment, JSW Steel, HDFC and Dr Reddy's.

However, IT stocks slipped with HCL Technologies down by 1.8 per cent and Infosys by 0.5 per cent each. IndusInd Bank was down by 2 per cent while Tata Motors, Grasim and Hindustan Lever traded with a negative bias.

Meanwhile, Asian markets rose after strong US manufacturing data and gains in tech stocks helped investors look past worries about the coronavirus and global economy.

Japan's Nikkei jumped by 1.7 per cent, Hong Kong's Hang Seng by 2 per cent and South Korea's Kospi by 1.29 per cent. Shanghai composite rose by 0.11 per cent. (ANI)

Have something to say? Post your comment
Must Read
Why would our MPs need direction from Capt Amarinder on farm bills, they knew their party stand, say Punjab Cong leaders & Ministers
Why would our MPs need direction from Capt Amarinder on farm bills, they knew their party stand, say Punjab Cong leaders & Ministers
NRI Woman, her father and relative booked on the complaint of husband
NRI Woman, her father and relative booked on the complaint of husband
Punjab Police busts another pro-Khalistan terror module with arrest of two
Punjab Police busts another pro-Khalistan terror module with arrest of two
Punjab CS assures private hospitals of full state govt support to address concerns in Covid fight
Punjab CS assures private hospitals of full state govt support to address concerns in Covid fight
Actress Mandy Takhar files complaint against fake video
Actress Mandy Takhar files complaint against fake video
Industry Dept extends timeline migration from FIIP to IBDP till Dec 31
Industry Dept extends timeline migration from FIIP to IBDP till Dec 31
Under Vijay Inder Singla's smart school policy about 6,000 schools have been converted into Smart Schools
Under Vijay Inder Singla's smart school policy about 6,000 schools have been converted into Smart Schools
Water cannon salute given to Rafale aircraft after air display at IAF airbase in Ambala
Water cannon salute given to Rafale aircraft after air display at IAF airbase in Ambala
Punjab CM announces relaxation in timings for non-essential shops, hotels & restaurants in urban areas till 9 pm
Punjab CM announces relaxation in timings for non-essential shops, hotels & restaurants in urban areas till 9 pm
Punjab gross GST collection stands at Rs.987.20 crore during August 2020
Punjab gross GST collection stands at Rs.987.20 crore during August 2020
India bans 118 more mobile apps including PUBG, WeChat
India bans 118 more mobile apps including PUBG, WeChat
Former President Pranab Mukherjee passes away
Former President Pranab Mukherjee passes away