Stock markets extend gains for 3rd day; Airtel, Reliance major movers
The Hindu
Benchmark indices Sensex and Nifty close higher on third consecutive day, led by heavyweight stocks; market outlook remains volatile.
Extending the winning run to the third day, benchmark indices Sensex and Nifty closed higher on Thursday (January 30, 2025) on buying in heavyweight stocks Reliance Industries, Bharti Airtel and HDFC Bank.
The 30-share Sensex advanced 226.85 points or 0.30% to settle at 76,759.81 in a volatile trade amid the monthly expiration day. During the day, it surged 429.92 points or 0.56% to 76,962.88.
The NSE Nifty went up by 86.40 points or 0.37% to 23,249.50.
From the 30-share blue-chip pack, Bharti Airtel, Power Grid, Bajaj Finance, Nestle, Mahindra & Mahindra, Reliance Industries, Asian Paints, IndusInd Bank, Hindustan Unilever and HDFC Bank were the biggest gainers.
Bajaj Finance climbed nearly 2% after the company reported an 18% increase in its consolidated net profit to ₹4,308 crore for the December quarter.
Tata Motors tanked over 7% after the firm reported a 22% fall in consolidated net profit to ₹5,578 crore for the third quarter ended December 2024, impacted by a decline in revenue from its passenger and commercial vehicles divisions.
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