Sensex regains 26k-level, climbs 219 pts after upbeat global cues
The market benchmark Sensex recaptured the crucial 26,000-mark by climbing over 219 points in early trade on Thursday as investors engaged in widening their bets amid firm global cues.business Updated: Apr 21, 2016 10:50 IST
The market benchmark Sensex recaptured the crucial 26,000-mark by climbing over 219 points in early trade on Thursday as investors engaged in widening their bets amid firm global cues.
The 30-share barometer advanced by 219.02 points or 0.85% to 26,063.20. The gauge gained 1,170.34 points in the previous five sessions.
Also, the NSE Nifty shot up by 53.15 points or 0.67% to 7,967.90.
Prominent gainers were ICICI Bank, SBI, Tata Motors, GAIL, Axis Bank, Tata Steel, ONGC, HDFC Ltd, Adani Ports, BHEL, Coal India, NTPC and RIl, surging by up to 5.40%.
However, share of Wipro plunged 6.22% to Rs 563.95 after company said its consolidated net profit dipped 1.6% to Rs 2,235 crore for the quarter ended March 31.
Brokers said investors have been widening bets due to positive macroeconomic data and above-normal monsoon forecast.
Moreover, a firm trend in other Asian markets following a strong performance on Wall Street and rebound in oil prices, influenced sentiment here.
In regional markets, Hong Kong’s Hang Seng was up 1.69% while Japan’s Nikkei gained 1.95% in early trade on Thursday. Shanghai Composite was trading 0.17% higher.
The US Dow Jones Industrial Average ended 0.24% higher in Wednesday’s trade.