Sensex, Nifty rally for 3rd day propelled by buying in blue-chip stocks, firm global peers
The Hindu
Sensex and Nifty rise for third day, led by blue-chip stocks; global markets show firm trends.
Benchmark indices Sensex and Nifty rallied for the third straight session on Tuesday (December 3, 2024) amid buying in blue-chip stocks like HDFC Bank, Reliance Industries and firm trends in global markets.
The BSE benchmark Sensex jumped 597.67 points or 0.74% to settle at 80,845.75. During the day, it surged 701.02 points or 0.87% to 80,949.10.
The NSE Nifty went up by 181.10 points or 0.75% to 24,457.15.
From the 30-share Sensex pack, Adani Ports surged nearly 6%. NTPC, Axis Bank, State Bank of India, Larsen & Toubro, UltraTech Cement, Tata Motors, HDFC Bank and Reliance Industries were the other big gainers.
Bharti Airtel, ITC, Sun Pharma, Asian Paints and Kotak Mahindra Bank were the laggards.
In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong settled higher. European markets were trading in the green.
US markets ended mostly in the positive territory on Monday.
According to officials in the Agriculture Department and scientists at Krishi Vigyan Kendra in Kalaburagi, the drying of the crops is a direct result of insufficient rainfall. As per the data, the region received about 5 mm of rainfall in November, compared to the normal 20 mm, translating to a 70% deficit at a critical stage of the crop’s growth.