Sensex, Nifty rise on buying in bank stocks, positive global cues
The Hindu
Equity indices Sensex and Nifty rise on fag-end buying, global market trends, and institutional investors' support.
Rising for the second straight session, equity benchmark indices Sensex and Nifty closed higher on Tuesday (October 29, 2024), helped by fag-end buying in banking counters and a firm trend in global markets.
The BSE Sensex climbed 363.99 points or 0.45% to settle at 80,369.03. Intra-day, it fell by 583.69 points to 79,421.35.
The NSE Nifty rose 127.70 points or 0.52% to 24,466.85.
Unabated buying by domestic institutional investors (DIIs) also helped in the rebound, traders said.
From the 30 Sensex pack, State Bank of India jumped 5%, followed by ICICI Bank, Bajaj Finserv, NTPC, Adani Ports, Bajaj Finance and Larsen & Toubro.
In contrast, Maruti, Tata Motors, Sun Pharma, Bharti Airtel, IndusInd Bank and Mahindra & Mahindra were among the laggards.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 3,228.08 crore on Monday (October 28, 2024), while DIIs bought equities worth ₹1,400.85 crore, according to exchange data.
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Waaree Energies IPO debuts with a 70% premium, reflecting strong demand and market valuation of ₹67,866.35 crore.
Equity markets rise on ICICI Bank boost, Asian trends, and domestic buying; BSE Sensex and NSE Nifty climb.
B.S. Nesara, chairman, Concorde, said that many factors are considered while making a decision on buying property, including the location or the micro market, proximity to schools, workplace, social infrastructure, availability of potable water, and public mobility options like the metro.
Rupee trades range-bound, appreciates slightly against USD, impacted by foreign fund outflows and strong dollar.