shot-button
E-paper E-paper
Home > Mumbai > Mumbai News > Article > Sensex surges over 250 pts to scale 56K for first time HDFC Bank up 2 per cent

Sensex surges over 250 pts to scale 56K for first time; HDFC Bank up 2 per cent

Updated on: 18 August,2021 10:06 AM IST  |  Mumbai
PTI |

The 30-share index was trading 252.54 points or 0.40 per cent higher at its lifetime high of 56,044.81, while the broader NSE Nifty advanced 66.75 points or 0.40 per cent to record 16,681.35

Sensex surges over 250 pts to scale 56K for first time; HDFC Bank up 2 per cent

This picture has been used for representational purpose

Equity benchmark Sensex on Wednesday jumped over 250 points to scale the 56,000-mark for the first time, tracking gains in index majors HDFC twins and Reliance Industries amid a positive trend in Asian peers. The 30-share index was trading 252.54 points or 0.40 per cent higher at its lifetime high of 56,044.81, while the broader NSE Nifty advanced 66.75 points or 0.40 per cent to record 16,681.35.


HDFC Bank was the top gainer in the Sensex pack, rising over 2 per cent, followed by UltraTech Cement, Bajaj Finance, PowerGrid, L&T, Bajaj Finserv and HDFC. On the other hand, IndusInd Bank, Kotak Bank, Bajaj Auto and Infosys were among the laggards. In the previous session, Sensex settled 209.69 points or 0.38 per cent higher at a new closing record of 55,792.27, and Nifty rose 51.55 points or 0.31 per cent to a new closing high of 16,614.60.


Also read: Sensex drops 126.19 pts to 55,456.39 in opening session; Nifty slips 34.95 pts


Foreign institutional investors (FIIs) were net sellers in the capital market as they offloaded shares worth Rs 343.73 crore on Tuesday, as per provisional exchange data. 'Domestic equities look to be good as of now. Lifting of the partial ban by the RBI to issue fresh credit cards is likely to aid heavyweight HDFC Bank and benchmark indices during the day,' said Binod Modi Head-Strategy at Reliance Securities.

Elsewhere in Asia, bourses in Shanghai, Hong Kong, Tokyo and Seoul were trading with gains in mid-session deals. However, equities in the US ended on a negative note in overnight trade. Meanwhile, international oil benchmark Brent crude rose 0.25 per cent to USD 69.20 per barrel.

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever

"Exciting news! Mid-day is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest news!" Click here!


Mid-Day Web Stories

Mid-Day Web Stories

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK