Markets Open On Strong Note; Sensex Jumps 503 Points

The 30-share BSE Sensex jumped 503.47 factors to 71,204.14 factors within the early commerce. Nifty climbed 178.55 factors to 21,531.15 factors.

Mumbai: Benchmark fairness indices rebounded in early commerce on Monday in-tandem with a rally in Asian markets together with shopping for in blue chip corporations HDFC Bank and Reliance Industries.

The 30-share BSE Sensex jumped 503.47 factors to 71,204.14 factors within the early commerce. Nifty climbed 178.55 factors to 21,531.15 factors.

Among the Sensex corporations, Sun Pharma, Axis Bank, Kotak Mahindra Bank, Power Grid, Larsen and Toubro, NTPC, ICICI Bank, HDFC Bank and Reliance Industries had been the most important gainers.

JSW Steel, Infosys, ITC and Mahindra And Mahindra had been among the many laggards.

In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong had been buying and selling within the optimistic territory. The US markets had ended on a blended observe on Friday.

Global oil benchmark Brent crude climbed 0.51 per cent to USD 83.98 a barrel.

Markets had been closed on Friday on account of Republic Day.

On Thursday, Sensex declined 359.64 factors or 0.51 per cent to settle at 70,700.67 factors whereas Nifty fell 101.35 factors or 0.47 per cent to 21,352.60 factors.

Foreign Institutional Investors (FIIs) offloaded equities price Rs 2,144.06 crore on Thursday, in response to alternate information.

Source: zeenews.india.com

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