Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Indexes  >  World  >  SENSEX 30       XC0009698199

SENSEX 30

SummaryQuotesChartsNewsHeatmapComponents 
SummaryMost relevantAll NewsOther languagesNews of the index components

Sensex, Nifty hit record closing highs on vaccine hopes, signs of economic recovery

12/01/2020 | 05:32am EST
A broker trades on his computer terminal at a stock brokerage firm in Mumbai

BENGALURU (Reuters) - Indian shares hit record closing highs on Tuesday following their best monthly gain since April, after data showed a smaller-than-expected contraction in Asia's third-largest economy and as hopes for a COVID-19 vaccine boosted bets for a quicker economic recovery.

Breakthroughs in developments for a vaccine had driven markets across the world sharply higher in November, with India's main stock indexes too climbing over 11% each on the back of record inflows from foreign institutional investors.

The domestic market extended gains on Tuesday after data released late Friday showed India's economy contracted by 7.5% in the September quarter, versus an 8.8% contraction expected in a Reuters poll, amid signs of a pick-up in manufacturing.

The Nifty 50 index closed up 1.08% at 13,109.05, while the benchmark Sensex climbed 1.15% to 44,655.44. Indian markets were closed on Monday for a holiday.

Investors looked past a survey released earlier in the day showing India's manufacturing recovery faltered in November as virus fears weighed on demand and output.

In Mumbai, heavyweight IT firm Infosys Ltd was the biggest boost to the indexes, rising 3.4%. Large private-sector lender ICICI Bank Ltd jumped 2.5%.

The Nifty Auto Index ended 1.1% higher after a handful of automakers reported monthly sales figures. Bajaj Auto Ltd advanced 2.2% after reporting a near 5% rise in sales for November.

The Nifty PSU Banking Index, which tracks state-run lenders, was among the best performers, closing 2.9% higher at its best level since late August.

India's most valuable company Reliance Industries Ltd rose 1.3%.

European peers also made a positive start to the month following a record-breaking November and U.S. futures were higher after a drop on Monday, while MSCI's broadest index of Asia-Pacific shares outside Japan climbed after robust China data.

(Reporting by Chris Thomas in Bengaluru; Editing by Shailesh Kuber)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
BAJAJ AUTO -0.54% 4146.35 Delayed Quote.21.05%
ICICI BANK LIMITED -2.92% 522.35 Delayed Quote.0.56%
INFOSYS LIMITED -1.82% 1301 Delayed Quote.5.52%
RELIANCE INDUSTRIES LTD -2.37% 1895 Delayed Quote.-2.23%
SENSEX 30 -1.94% 47409.93 Real-time Quote.1.25%
All news about SENSEX 30
06:21aWall Street Choppy Pre-Bell; Futures Mixed, Europe Lower, Asia Uneven
MT
06:02aIndian Indices Close Deep in Red Amid Weak Global Cues, Heavy Selling
MT
05:46aSensex, Nifty end at near one-month low as banks, Reliance decline
RE
05:23aIndian Indices Settle in Red after Opening in Green on Heavy Selling
MT
01:04aReliance pulls Indian shares lower as Amazon tries to block Future deal
RE
01/26IMF Projects 11.5% Growth for India in FY22
MT
01/26Wall Street Leans Back Pre-Bell; Futures Red, Europe Higher, Asia Lower
MT
01/26India markets closed on Tuesday for holiday
RE
01/25Indian shares end lower as Reliance drags, investors book profits
RE
01/25Wall Street Leans Forward Pre-Bell; Futures Green, Europe Lower, Asia Up
MT
More news
News of the index components SENSEX 30
05:46aSensex, Nifty end at near one-month low as banks, Reliance decline
RE
05:22aINFOSYS : Recognized as the Fastest Growing Top 10 IT Services Brand
PU
01/26MARKET CHATTER : ONGC Videsh Plans to Raise $486 Million in Foreign Currency Bon..
MT
01/26NTPC : Andaman Lt Governor flags off electric buses; will curb pollution on isla..
PU
01/26NTPC : achieves over 1 Billion Units of daily generation on 18th January 2021-Re..
PU
01/26NTPC : oldest unit at Singrauli records highest PLF so far in current fiscal
PU
01/25MARUTI SUZUKI INDIA : India's favourite- Maruti Suzuki Swift captures the pole p..
AQ
More news
Chart SENSEX 30
Duration : Period :
SENSEX 30 Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SENSEX 30
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Top / Flop SENSEX 30
TECH MAHINDRA LIMITED 997.1 Delayed Quote.2.58%
ITC LIMITED 210.65 Delayed Quote.1.37%
POWER GRID CORPORATION OF INDIA LIMITED 192.35 Delayed Quote.1.13%
HCL TECHNOLOGIES LIMITED 955.5 Delayed Quote.0.84%
INDUSLND BANK LIMITED 820.15 Delayed Quote.-3.42%
YES BANK LIMITED 15.75 Delayed Quote.-3.67%
TATA STEEL LIMITED 626 Delayed Quote.-3.98%
AXIS BANK 632.1 Delayed Quote.-3.99%
TATA MOTORS LIMITED 267.5 Delayed Quote.-4.17%
Heatmap :