Sensex rises 160 points, Nifty above 12,900

24 Novembre, 2020, 18:00 | Auteur: Auguste Feret
  • YES Bank shares rise 2.4% here's why

A strengthening rupee further boosted investor confidence, traders said.

Adani Ports, Axis Bank, Eicher Motors, M&M and Hindalco were the Nifty50 top gainers of the day while Titan, HDFC, BPCL, Shree Cement and ONGC remained the index top losers.

This is the third major vaccine trial to have reported encouraging results, after Moderna and Pfizer came out with positive Phase 3 data.

Meanwhile, optimism that the imminent availability of coronavirus vaccines could spur a faster economic recovery pushed world stocks higher on Monday.

IndusInd Bank climbed 4.8% and IDFC First Bank jumped 9.7% after a central bank committee recommended wide-ranging changes to India's banking industry, including setting a higher cap for the size of promoters' stakes.

"Recently broad market, including mid and small caps, have started to perform better which may continue in the short-term as large caps look expensive post the solid rally from COVID low", said Vinod Nair, Head of Research at Geojit Financial Services. Nifty is poised to cross psychological 13,000 mark shortly.

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Since then, the rebel group "carried out many missile and drone strikes on civilian airports and oil infrastructure" in Saudi. The strike had been carried out in response to the Saudi-led coalition's actions in Yemen, he said.

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S'il jouit déjà d'une certaine notoriété dans le football, l'Olympique de Marseille ne cesse de se diversifier. Un grand coup médiatique pour l'OM ainsi que la structure dont le pingouin est le logo.

The Nifty Auto index was trading 1.72 per cent up at 8888.85 around 12:08PM.

The sectoral indices that kept the market firm were Bankex, Auto, Realty, Finance and FMCG stocks.

Elsewhere in Asia, bourses in Tokyo, Hong Kong and Seoul were trading in with gains in mid-session deals, while Shanghai was in the red.

The rupee appreciated by 5 paise to settle at 74.11 against the USA dollar.

Stock exchanges in Europe were also trading on a positive note.

Meanwhile, Brent crude futures, the global oil benchmark, rose 0.85 per cent to Dollars 46.45 per barrel.

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