Sensex climbs 180 points to open above 71,000; Nifty at 21,288

The 30-share BSE Sensex climbed 180.55 points to 71,045.65 in early trade. The Nifty went up by 58 points to 21,313.05.

Published on: Dec 22, 2023, 09:21:49 IST

By HT News Desk

Prefer HTon Google

Share via

Copy link

Benchmark equity indices began the trade on an optimistic note on Friday tracking firm global market trends.

Sensex climbs 180 points to open above 71,000; Nifty at 21,288 (REUTERS)

The 30-share BSE Sensex climbed 180.55 points to 71,045.65 in early trade. The Nifty went up by 58 points to 21,313.05.

However, both the benchmark indices faced volatile trends after early optimism but later bounced back to trade with significant gains.

Among the Sensex firms, Tata Steel, Tata Motors, NTPC, JSW Steel, Sun Pharma and Bajaj Finance were the major winners.

Infosys, HDFC Bank, Asian Paints, Tata Consultancy Services, ICICI Bank and IndusInd Bank were among the laggards.

In Asian markets, Seoul, Tokyo and Shanghai were trading with gains while Hong Kong quoted lower.

The US markets ended in the positive territory on Thursday.

"Despite FIIs selling and concerns about the Omicron variant, optimism prevails with expected Federal Reserve rate cuts and positive sentiments on India's growth," said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.

Global oil benchmark Brent crude climbed 0.92 per cent to USD 80.12 a barrel.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹1,636.19 crore on Thursday, according to exchange data.

The BSE benchmark jumped 358.79 points or 0.51 per cent to settle at 70,865.10 on Thursday. The Nifty rallied 104.90 points or 0.50 per cent to 21,255.05.

ABOUT THE AUTHOR
HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

Stay updated with the latest Business News on Petrol Price, Gold Rate, Silver Rates, Diesel Prices along with Income Tax Calculator