Bajaj Finserv was the top gainer in the Sensex pack, rallying around 7 per cent, followed by Bajaj Finance, HDFC, L&T, ICICI Bank, Sun Pharma and NTPC..(PTI)
Bajaj Finserv was the top gainer in the Sensex pack, rallying around 7 per cent, followed by Bajaj Finance, HDFC, L&T, ICICI Bank, Sun Pharma and NTPC..(PTI)

Sensex closes 834 points higher at 49,398, Nifty ends at 14,521

The 30-share BSE index ended 834.02 points or 1.72 per cent higher at 49,398.29.
By hindustantimes.com | PTI, Mumbai
UPDATED ON JAN 19, 2021 04:01 PM IST

Equity benchmark Sensex soared 834 points on Tuesday, tracking strong gains in index majors HDFC twins, ICICI Bank and Reliance Industries amid an upbeat trend in global markets.

The 30-share BSE index ended 834.02 points or 1.72 per cent higher at 49,398.29.

Similarly, the broader NSE Nifty surged 239.85 points or 1.68 per cent to 14,521.15.

Bajaj Finserv was the top gainer in the Sensex pack, rallying around 7 per cent, followed by Bajaj Finance, HDFC, L&T, ICICI Bank, Sun Pharma and NTPC.

On the other hand, Tech Mahindra, ITC and M&M were the laggards.

According to Binod Modi, Head-Strategy at Reliance Securities, having seen massive pullbacks in last two trading days, domestic equities witnessed sharp rebound mainly led by strong cues from global markets.

"Positive statement from Janet Yellen about possibility of acting big to support economy bolstered confidence among investors globally," he said.

US President-elect Joe Biden's nominee for treasury secretary, former Federal Reserve chair Janet Yellen is calling on Congress to do more to fight the recession to avoid an even worse downturn.

In the testimony prepared for her confirmation hearing on Tuesday before the Senate Finance Committee, Yellen said more aid is needed to get coronavirus vaccines distributed -- key to ending outbreaks -- to reopen schools and help families struggling with job losses stay fed and housed.

Elsewhere in Asia, bourses in Hong Kong, Seoul and Tokyo ended with significant gains, while Shanghai was in the red.

Stocks exchanges in Europe were also trading on a positive note in early deals.

Meanwhile, the global oil benchmark Brent crude was trading 1.22 per cent higher at USD 55.42 per barrel.

SHARE THIS ARTICLE ON
Topics
Close
The RBI report also suggested changes in the inflation targeting framework for better transparency, accountability and operational efficiency.(REUTERS)
The RBI report also suggested changes in the inflation targeting framework for better transparency, accountability and operational efficiency.(REUTERS)

RBI in favour of retaining inflation target for 5 years

By Gopika Gopakumar, Livemint, Mumbai
PUBLISHED ON FEB 27, 2021 04:47 AM IST
Under India’s flexible inflation targeting (FIT) approach, the central bank is expected to work to maintain retail inflation at 4%, with an upper tolerance limit of 6% and a lower limit of 2%.
Close
The agencies also made the recommendation based on “the nature of China Telecom’s US operations,” which they said allow Chinese government actors “to engage in malicious cyber activity.(Mint)
The agencies also made the recommendation based on “the nature of China Telecom’s US operations,” which they said allow Chinese government actors “to engage in malicious cyber activity.(Mint)

Telecom sector revenues back at pre-Jio levels

By Ishita Guha, Livemint, New Delhi
PUBLISHED ON FEB 27, 2021 04:43 AM IST
According to data released by the Telecom Regulatory Authority of India (Trai), net mobile revenues rose 4.5% sequentially to $25 billion in the December quarter. The last time the sector had earned $25 billion was in April-June of calendar year 2016.
Close
Indian shares fell in line with Thursday’s rout in the US after Treasury yields rose to their highest level in a year.(REUTERS)
Indian shares fell in line with Thursday’s rout in the US after Treasury yields rose to their highest level in a year.(REUTERS)

Indian shares crash as panic grips bond, global markets

By Nasrin Sultana, Livemint, Mumbai
PUBLISHED ON FEB 27, 2021 04:36 AM IST
On Friday, the benchmark Sensex fell 1,939 points, or 3.78%, to 49,099.99, the biggest daily drop since 4 May 2020. The 50-share Nifty index declined 3.78% to 14,529, led by banks and financial services stocks.
Close
To be sure, the Indian economy will still face its largest ever contraction in the current fiscal year.(AP file photo. Representative image)
To be sure, the Indian economy will still face its largest ever contraction in the current fiscal year.(AP file photo. Representative image)

India out of recession as GDP expands 0.4% in Q3

By Roshan Kishore, New Delhi
PUBLISHED ON FEB 27, 2021 02:43 AM IST
India’s gross domestic product (GDP) grew at 0.4% on a year-on-year basis in the quarter ending December 2020, according to data released by the National Statistical Office (NSO) on February 26.
Close
Congress chief spokesperson Randeep Singh Surjewala(PTI)
Congress chief spokesperson Randeep Singh Surjewala(PTI)

'Hit by double whammy of low growth, high inflation': Cong on economy's state 

Edited by Prashasti Singh, Hindustan Times, New Delhi
PUBLISHED ON FEB 26, 2021 10:21 PM IST
The Congress responded to the data and said the government spent a lot less than what was needed to revive the Indian economy.
Close
India's largest stock exchange, NSE announced on Wednesday it shut at 11:40am local time because of a telecoms problem.(MINT_PRINT)
India's largest stock exchange, NSE announced on Wednesday it shut at 11:40am local time because of a telecoms problem.(MINT_PRINT)

India's NSE defends reopening market after exchange's shutdown

Posted by Kunal Gaurav | Reuters, Mumbai
PUBLISHED ON FEB 26, 2021 09:08 PM IST
Brokers had criticised the NSE over the lack of information after the four-hour shutdown on Wednesday.
Close
The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, US.(REUTERS)
The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, US.(REUTERS)

Oil slumps with wider markets, denting record start to 2021

Bloomberg
UPDATED ON FEB 26, 2021 06:52 PM IST
The demand outlook has improved, with traders and investment banks this week making a series of bullish calls and upward price revisions.
Close
There is also another plan at <span class='webrupee'>₹</span>1,499 that offers a JioPhone device, unlimited voice calls and data (2GB high-speed data every month) for one year(Reuters File Photo)
There is also another plan at 1,499 that offers a JioPhone device, unlimited voice calls and data (2GB high-speed data every month) for one year(Reuters File Photo)

Reliance Jio launches new unlimited plans to usher in '2G-mukt Bharat'

ANI, Mumbai
PUBLISHED ON FEB 26, 2021 06:47 PM IST
  • According to the plan, new users will get a JioPhone device, unlimited voice calls and data (2GB high-speed data every month) for two years at 1,999.
Close
The lockdown imposed to curb spreading of coronavirus infections had significantly impacted business activities and in turn contributed to sluggish revenue realisation. (Representative Image)(BLOOMBERG NEWS)
The lockdown imposed to curb spreading of coronavirus infections had significantly impacted business activities and in turn contributed to sluggish revenue realisation. (Representative Image)(BLOOMBERG NEWS)

Fiscal deficit rises to 12.34 lakh crore at end of January

PTI
PUBLISHED ON FEB 26, 2021 06:41 PM IST
The fiscal deficit at the end of January in the previous financial year was 128.5% of the Revised Estimates (RE).
Close
Trading in EU shares and derivatives, for example, has already left Britain for continental Europe. REUTERS/Simon Dawson/File Photo(REUTERS)
Trading in EU shares and derivatives, for example, has already left Britain for continental Europe. REUTERS/Simon Dawson/File Photo(REUTERS)

London could lose out to New York under draft EU finance deal

Reuters, London
PUBLISHED ON FEB 26, 2021 06:12 PM IST
  • Britain's financial services industry has been largely cut off from the EU, its biggest customer, since a Brexit transition period ended on Dec. 31 as the sector is not covered by the UK-EU trade deal.
Close
Union finance minister Nirmala Sitharaman. (File photo)
Union finance minister Nirmala Sitharaman. (File photo)

Support both public, private projects: FM to infra ministries

By Rajeev Jayaswal
PUBLISHED ON FEB 26, 2021 06:00 PM IST
The National Infrastructure Pipeline (NIP) will play a critical role in revitalising the economy that is recovering from the devastating impact of Covid-19 pandemic, said finance minister on Friday
Close
Indian economy grows by 0.4% in October-December 2020: Govt data(AP)
Indian economy grows by 0.4% in October-December 2020: Govt data(AP)

Indian economy grows by 0.4% in October-December 2020: Govt data

By hindustantimes.com, New Delhi
UPDATED ON FEB 26, 2021 06:20 PM IST
Indian economy grows by 0.4 pc in October-December 2020: Govt data
Close
Only 5% of the executives polled said they planned to hold bitcoin in 2021.(MINT_PRINT)
Only 5% of the executives polled said they planned to hold bitcoin in 2021.(MINT_PRINT)

Bitcoin slumps 6%, heads for worst week since March

Reuters, London
PUBLISHED ON FEB 26, 2021 04:14 PM IST
The world's biggest cryptocurrency slumped as low as $44,451 before recovering most of its losses.
Close
Sensex plunges nearly 2,000 points, Nifty down 568 points to end at 14,529(MINT_PRINT)
Sensex plunges nearly 2,000 points, Nifty down 568 points to end at 14,529(MINT_PRINT)

Sensex crashes over 1,900 points; Nifty tanks 568 points

Posted by Prashasti Singh | PTI
UPDATED ON FEB 26, 2021 06:17 PM IST
The 30-share BSE index ended with a loss of 1,939.32 points or 3.80 per cent at 49,099.99.
Close
Representational Image. (Getty Images/iStockphoto)
Representational Image. (Getty Images/iStockphoto)

Govt extends anti-dumping duty on Chinese tiles by three months

By Rajeev Jayaswal
UPDATED ON FEB 26, 2021 03:09 PM IST
In order to save the domestic tiles industry from cheaper imports from China, the government had imposed up to $1.87 per square meter anti-dumping duty during in 2016 for five years, which would have expired on March 28
Close
SHARE
Story Saved
OPEN APP