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Sensex Jumps Over 250 Points, Nifty Touches 12,100: 10 Things To Know
27 Nov 2019, 12:11 PM IST
The markets hovered near record highs, with the Sensex coming within 50 points and the Nifty within 25 points of their all-time highs recorded on the previous day.
At 9:23 am, the Sensex traded 244.26 points - or 0.60 per cent - higher at 41,065.56, while the Nifty was up 61.30 points (0.51 per cent) at 12,099.00.
Top percentage gainers on the 50-scrip index at the time were Yes Bank, Tata Motors, Mahindra & Mahindra, HDFC and Ei...
- The markets hovered near record highs, with the Sensex coming within 50 points and the Nifty within 25 points of their all-time highs recorded on the previous day.
- At 9:23 am, the Sensex traded 244.26 points - or 0.60 per cent - higher at 41,065.56, while the Nifty was up 61.30 points (0.51 per cent) at 12,099.00.
- Top percentage gainers on the 50-scrip index at the time were Yes Bank, Tata Motors, Mahindra & Mahindra, HDFC and Eicher Motors, trading between 1.70 per cent and 5.70 per cent higher.
- On the other hand, top laggards on the Nifty 50 index were Cipla, Bharti Infratel, Bharat Petroleum, Bharti Airtel and Dr Reddy's, down between 0.42 per cent and 2.55 per cent.
- HDFC, Tata Consultancy Services (TCS) and HDFC Bank were the top contributors to the gain in Sensex.
- Market breadth favoured gains, with an advance-decline ratio of almost 2:1. On the NSE, 1,004 stocks traded higher whereas 567 moved lower in the first few minutes of trade. On the BSE, 832 stocks advanced while 514 declined.
- The government is due to release data on gross domestic product (GDP) for the quarter ended September 30 on Friday evening.
- Equities in other Asian markets ticked higher as more upbeat signals from US-China trade talks fanned hopes of an imminent end to tariff hostilities, which helped offset concerns about a slowing US economy.
- The positive mood pushed Wall Street indices to fresh record closing highs on Tuesday and stoked confidence in early Asian trade with MSCI's broadest index of Asia-Pacific shares outside Japan up 0.14 per cent. Japan's Nikkei rose 0.41 per cent.
- On Tuesday, the Sensex had ended 67.93 points (0.17 per cent) lower at 40,821.30 and the Nifty settled down 36.05 points - or 0.30 per cent - at 12,037.70 as the benchmark indices reversed direction after touching all-time highs.
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