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MarketScreener Homepage  >  Indexes  >  World  >  SENSEX 30       XC0009698199

SENSEX 30

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SummaryMost relevantAll NewsOther languagesNews of the index components

Nifty, Sensex end higher on boost from financials

11/20/2020 | 07:28am EST
A broker monitors share prices at a brokerage firm in Mumbai

BENGALURU (Reuters) - Indian shares bounced back on Friday from a sharp fall in the previous session, taking their cue from an advance in global markets and driven by signs of a faster-than-expected recovery in business activity.

HDFC Bank and a clutch of other financial stocks were the top boost to the NSE Nifty 50 index, which closed 0.68% higher at 12,859.05 after a more than 1% drop on Thursday. The S&P BSE Sensex ended 0.65% higher at 43,882.25.

The two benchmarks have gained more than 10% in November, the best month so far this year for inflows from foreign institutional investors, on the back of positive COVID-19 vaccine trial results and a better economic outlook than before.

Barclays on Thursday lifted its fiscal 2022 growth forecast for the Indian economy to 8.5% from 7%, while Moody's projected a smaller contraction than earlier for fiscal 2021.

Sectors including banking, autos, real estate and metals have seen much stronger gains than the early winners in the pandemic such as drugs or IT, suggesting investors are betting on a faster business recovery.

Among companies, Reliance Industries, shares in which have doubled since their March lows, fell 3.7% and extended its loss for the month to 7.5%.

Gland Pharma shares rose as much as 23% in their market debut.

World stocks edged higher on Friday as hopes of economic recovery ahead helped offset the blow dealt by news that the U.S. Treasury was ending emergency loan programmes.

(Reporting by Sachin Ravikumar in Bengaluru; Editing by Shinjini Ganguli)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
NIFTY 50 -0.93% 14238.9 Delayed Quote.1.84%
RELIANCE INDUSTRIES LTD -5.30% 1941 Delayed Quote.-2.23%
SENSEX 30 -1.09% 48347.59 Real-time Quote.2.36%
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Chart SENSEX 30
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Technical analysis trends SENSEX 30
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Top / Flop SENSEX 30
HERO MOTOCORP LTD 3474.95 Delayed Quote.2.96%
AXIS BANK 658.4 Delayed Quote.2.16%
SUN PHARMACEUTICAL INDUSTRIES LTD. 586.4 Delayed Quote.1.95%
BAJAJ AUTO 4168.95 Delayed Quote.1.94%
ICICI BANK LIMITED 538.05 Delayed Quote.0.80%
TATA MOTORS LIMITED 279.15 Delayed Quote.-3.53%
YES BANK LIMITED 16.35 Delayed Quote.-3.82%
HCL TECHNOLOGIES LIMITED 947.5 Delayed Quote.-3.89%
INDUSLND BANK LIMITED 849.15 Delayed Quote.-4.94%
RELIANCE INDUSTRIES LTD 1941 Delayed Quote.-5.30%
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