Sensex climbs 672 points, aided by buying in banking counters
Sep 20, 2022, 11:16 IST
Equity indices climbed in early trade on Tuesday, with the Sensex rallying 672 points, helped by continuous buying in banking counters and recovery in global markets.
Foreign fund inflows also added to the momentum.
The 30-share BSE Sensex jumped 672.06 points to 59,813.29 in early trade. The NSE Nifty went higher by 209.5 points to 17,831.75.
All the 30-share Sensex pack of firms were trading in the green in early trade, with IndusInd Bank, Bajaj Finserv, Bajaj Finance, Axis Bank, ICICI Bank, Larsen & Toubro and Tata Steel emerging as major winners.
"The Indian market continues to show resilience despite global challenges. Major indices like Nifty bank, auto, FMCG and cement are at record levels with only IT dragging the benchmarks," said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
SEE ALSO :
Story in charts: How Indian equity, gold and debt investments have performed over the past two decades
If India can import dark chocolate why can’t we sell imli candy abroad says this startup founder
Advertisement
Foreign fund inflows also added to the momentum.
The 30-share BSE Sensex jumped 672.06 points to 59,813.29 in early trade. The NSE Nifty went higher by 209.5 points to 17,831.75.
All the 30-share Sensex pack of firms were trading in the green in early trade, with IndusInd Bank, Bajaj Finserv, Bajaj Finance, Axis Bank, ICICI Bank, Larsen & Toubro and Tata Steel emerging as major winners.
"The Indian market continues to show resilience despite global challenges. Major indices like Nifty bank, auto, FMCG and cement are at record levels with only IT dragging the benchmarks," said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
Advertisement
Story in charts: How Indian equity, gold and debt investments have performed over the past two decades
If India can import dark chocolate why can’t we sell imli candy abroad says this startup founder