Sensex rallies 515 pts to reclaim 59,000-mark; IT, finance stocks shine
The Hindu
The rally in the domestic markets was supported by a firm trend in global equities, especially the U.S. gauges and a subsequent rally in Asian indices
Equity benchmark Sensex rallied 515 points on August 11, 2022 to reclaim the 59,000-level, propelled by heavy buying in IT, banking and financial stocks amid sustained foreign fund inflows.
The 30-share BSE index ended 515.31 points higher at 59,332.60. Similarly, the broader NSE Nifty gained 124.25 points to close at 17,659.
Axis Bank was the top gainer in the Sensex pack, climbing 2.75%, followed by Bajaj Finance, HDFC, Tech Mahindra, Wipro, SBI, TCS and IndusInd Bank.
On the other hand, ITC, NTPC, HUL, Bharti Airtel, Maruti and Nestle India were among the laggards, sliding as much as 1.56%.
Elsewhere in Asia, bourses in Hong Kong, Shanghai and Seoul ended with significant gains, while Tokyo closed in the red. Equities in Europe were trading on a negative note in mid-session deals.
The rally in the domestic markets was supported by a firm trend in global equities, especially the U.S. gauges and a subsequent rally in Asian indices, traders said.
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