Share Market HIGHLIGHTS: Sensex ends 1,241 pts higher, Nifty50 reclaims 21,700 amid broad-based rally on D-Street
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty50 and Sensex finished 1.8 per cent higher amid a broad-based rally on Monday, January 29, wherein oil & gas, financial and FMCG shares were the biggest contributors. The rally on Dalal Street was especially powered by a rebound in beaten-down financials amid positive signals from other Asian markets, after China's markets regulator said it would fully suspend the lending of restricted shares in an attempt to stabilise the country's stock markets.
Meanwhile, the Federal Reserve's favoured inflation reading showed moderating prices in December, bolstering hopes of early rate cuts.
Investors awaited more of quarterly earnings reports from India Inc for domestic cues.
Catch highlights of all the action on Dalal Street on January 29, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stock recommendations, and much more only on Zeebiz.com's blog:
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty50 and Sensex finished 1.8 per cent higher amid a broad-based rally on Monday, January 29, wherein oil & gas, financial and FMCG shares were the biggest contributors. The rally on Dalal Street was especially powered by a rebound in beaten-down financials amid positive signals from other Asian markets, after China's markets regulator said it would fully suspend the lending of restricted shares in an attempt to stabilise the country's stock markets.
Meanwhile, the Federal Reserve's favoured inflation reading showed moderating prices in December, bolstering hopes of early rate cuts.
Investors awaited more of quarterly earnings reports from India Inc for domestic cues.
Catch highlights of all the action on Dalal Street on January 29, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stock recommendations, and much more only on Zeebiz.com's blog:
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Closing Bell: Sensex soars 1,241 pts, Nifty50 reclaims 21,700 amid broad-based rally on D-Street
Both headline indices finish the strong session 1.8 per cent higher, with the Sensex adding 1,240.9 points to end at 71,941.6 and the Nifty50 soaring 385 points to 21,737.6.
Nifty50
Sensex
Images: NSEIndia.com, BSEIndia.com
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SBI Card Q3 results
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