Sensex, Nifty settle higher on buying in blue-chips
The Hindu
Benchmark indices Sensex and Nifty rise on blue-chip stocks, firm US markets, and global oil prices, despite economic slowdown.
Benchmark indices Sensex and Nifty ended higher on Monday (December 2, 2024) amid buying in blue-chip stocks Reliance Industries, Infosys and HDFC Bank along with a firm trend in the U.S. markets.
Recovering the early lost ground, the BSE benchmark Sensex climbed 445.29 points or 0.56% to settle at 80,248.08. During the day, it hit a high of 80,337.82 and a low of 79,308.95.
The NSE Nifty surged 144.95 points or 0.60% to 24,276.05.
From the 30-share Sensex pack, UltraTech Cement, JSW Steel, Adani Ports, Tech Mahindra, Titan, Maruti, Mahindra & Mahindra, Tata Steel and Reliance Industries were the biggest gainers.
NTPC, Hindustan Unilever, Kotak Mahindra Bank, IndusInd Bank and Larsen & Toubro were among the laggards.
In Asian markets, Seoul settled lower while Tokyo, Shanghai and Hong Kong ended higher.
European markets were trading mostly lower. U.S. markets ended in the positive territory on Friday.
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Gold and silver prices drop due to reduced demand, global factors, and market uncertainties, impacting futures trading.
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Benchmark indices Sensex and Nifty rise on blue-chip stocks, firm US markets, and global oil prices, despite economic slowdown.
Rupee hits all-time low against dollar on Trump tariff threat, disappointing data, and foreign fund outflows.
Government scraps windfall profit tax on crude oil and fuel exports due to declining international oil prices.