Sensex jumps 268 points after initial fall; Nifty climbs over 16,600 level
The Hindu
Tata Steel, Axis Bank, Bajaj Finance, Sun Pharma and Bajaj Finserv were among the gainers
Benchmark indices Sensex and Nifty opened on a muted note on Friday tracking weak global markets but within minutes recovered the lost ground to trade with significant gains.
The 30-share BSE Sensex opened weak and declined 414.44 points to 55,049.95 in opening deals. But, within minutes, it pared all its losses and jumped 268.39 points to 55,732.78.
Similarly, the broader NSE Nifty dipped 124 points to 16,470.90 in initial trade. Buying emerged soon after, and the 30-share index was quoted 70.70 points higher at 16,665.60.
From the 30-share Sensex pack, Tata Steel, Axis Bank, Bajaj Finance, Sun Pharma and Bajaj Finserv were among the gainers, while Maruti Suzuki India, Nestle, Infosys, Wipro among others were trading lower.
In the previous trade, the Sensex ended at 55,464.39, up 817.06 points or 1.50%. Similarly, the Nifty jumped 249.55 points or 1.53% to close at 16,594.90.
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