Sensex surges 590 points on firm global cues; IT stocks shine

The 30 stock S&P BSE Sensex surged 590.04 points or 1.06 per cent to close at 56,408.15 points at 10:00 am.

Updated on: Jun 3, 2022, 11:07:56 IST

By HT News Desk

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The Indian stock markets' key indices, Sensex and Nifty, opened in the green on Friday, led by strong buying support in Information Technology (IT) and technology stocks.

The 30 stock S&P BSE Sensex surged 590.04 points or 1.06 per cent to close at 56,408.15 points at 10:00 am.

The broader Nifty 50 of the National Stock Exchange closed 145.30 points or 0.87 per cent higher at 16,773.30 points.

There was strong buying support in IT and tech stocks.

Among the Information Technology stocks the major gainers included RPSG Ventures 12.01 per cent higher at ₹576.90; 3i Infotech 5.70 per cent higher at ₹51; Nelco Ltd Limited 5 per cent higher at ₹652.65.

Mindtree surged 2.93 per cent to ₹3149.25. Infosys climbed 2.87 per cent to ₹1551.20. Mphasis soared 2.63 per cent to ₹2651.30.

Nine of the 30 Sensex scrips closed in the red. UltraTech Cement, NTPC Limited, and Bharti Airtel were trading in the red.

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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

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