Sensex rebounds in early trade, jumps 591 points
The Hindu
Follow The Hindu’s updates on Sensex and Nifty: Markets rebound in early trade on November 19, 2024, on value-buying, led by blue-chip stocks; global trends and institutional investors contribute.
Equity benchmark indices Sensex and Nifty bounced back in early trade on Tuesday (November 19, 2024) after days of downtrend on value-buying at lower levels along with buying in blue-chip stocks Reliance Industries and Tata Consultancy Services.
Firm global trends and continuous buying by domestic institutional investors also added to markets' rebound.
The BSE benchmark Sensex jumped 591.19 points to 77,930.20 in early trade. The NSE Nifty surged 188.5 points to 23,642.30.
From the 30-share Sensex pack, Mahindra & Mahindra, Adani Ports, Tata Motors, Infosys, Tata Consultancy Services, UltraTech Cement, Tech Mahindra and Reliance Industries were the biggest gainers.
Bajaj Finserv and Kotak Mahindra Bank were the laggards.
Foreign Institutional Investors (FIIs) offloaded equities worth ₹1,403.40 crore on Monday, while Domestic Institutional Investors (DIIs) bought shares worth ₹2,330.56 crore, according to exchange data.
In Asian markets, Seoul, Tokyo and Hong Kong were trading higher while Shanghai quoted lower.
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Follow The Hindu’s updates on Sensex and Nifty: Markets rebound in early trade on November 19, 2024, on value-buying, led by blue-chip stocks; global trends and institutional investors contribute.