Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Indexes
  3. World
  4. SENSEX 30
  5. News
  6. Summary
       XC0009698199

SENSEX 30

SummaryQuotesChartsNewsHeatmapComponents 
SummaryMost relevantAll NewsOther languagesNews of the index components

Financials push India stocks higher as domestic COVID-19 cases ease

05/17/2021 | 06:36am EDT
People watch a large screen displaying India's benchmark share index on the facade of the Bombay Stock Exchange building in Mumbai

BENGALURU (Reuters) - Indian shares closed more than 1% higher on Monday, boosted by gains in financial stocks, as investor sentiment improved after domestic coronavirus cases fell below the 300,000 mark for the first time since April 21.

The NSE Nifty 50 index settled 1.67% higher at 14,923.15, snapping a three-session losing streak, while the benchmark S&P BSE Sensex ended up 1.74% at 49,580.73.

Last week, both indexes lost 0.9% after worries over higher U.S. inflation triggered a sell-off in global markets.

"The decline in the speed of new cases is helping domestic markets," said Narendra Solanki, head of equity research (fundamental) at Anand Rathi Investment Services.

"At this rate, lockdowns might not continue for too long and investor sentiment is upbeat."

However, Moody's Investors Service warned on Monday that the second severe wave of coronavirus infections would delay earnings recovery for Indian companies. Last week, the ratings agency had warned that the second wave would slow near-term economic recovery.

India reported 281,386 new coronavirus infections over the last 24 hours, helped by extended lockdowns in some states.

On Monday, financial stocks were the top boost to the Nifty. Nifty's Bank index closed 4.01% higher, while the PSU Bank index and financials index each settled over 3% higher.

Shares of Federal Bank ended up 2.39% after it logged a rise in March-quarter profit.

The Nifty Auto index added 1.9%, led by a 10.43% rise in Balkrishna Industries after the tyre maker posted a rise in quarterly profit on Friday.

Bucking the trend, Pharma stocks gave up early gains to settle 0.19% lower and were among the only two sub-sectors to close in the red.

Shares of Bharti Airtel closed 1.92% lower ahead of its March-quarter results.

(Reporting by Chandini Monnappa in Bengaluru; Editing by Vinay Dwivedi)

By Chandini Monnappa


ę Reuters 2021
All news about SENSEX 30
07:19aIndian Indices Close Higher on Thursday; Infosys Shares Jump Nearly 4%
MT
06:59aSENSEX 30á : Indian Benchmarks Close in Green on Thursday Led by IT Stocks
MT
06:34aAsian Stock Markets Sluggish; Seoul Hits New Record
MT
06:32aRELIANCE INDUSTRIESá : Indian shares end higher as IT gains outweigh losses in R..
RE
06/23Indian Indices Snap Two-Day Gains on Wednesday; Adani Ports Shares Slump 3%
MT
06/23SENSEX 30á : Indian Benchmarks Close in Red on Wednesday
MT
06/23Asian Stock Markets Move Unevenly Higher on Federal Reserve Posture; Tech Sec..
MT
06/23Indian shares end lower on financials drag, profit taking
RE
06/23Indian shares flat as tech losses offset gains in automaker stocks
RE
06/22Indian Stocks Stay in Green on Tuesday; Maruti Suzuki Shares Surge 5%
MT
More news
News of the index components SENSEX 30
01:41pRELIANCE INDUSTRIESá : Media Release issued by Reliance Jio Infocomm Limited, a ..
PU
01:41pRELIANCE INDUSTRIESá : Media Release issued by Jio Platforms Limited, a subsidia..
PU
08:23aRELIANCE INDUSTRIESá : and Aramco shore up ties ahead of deal worth billions
AQ
06:32aRELIANCE INDUSTRIESá : Indian shares end higher as IT gains outweigh losses in R..
RE
06:32aINFOSYSá : Positioned as a Leader in Gartner Magic Quadrant for Data and Analyti..
PU
05:37aRELIANCE INDUSTRIESá : expects Saudi Aramco deal to formalise this year
RE
04:20aGoogle, India's Jio to Roll Out Affordable Smartphone in India
DJ
More news
Chart SENSEX 30
Duration : Period :
SENSEX 30 Technical Analysis Chart | XC0009698199 | MarketScreener
Technical analysis trends SENSEX 30
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Heatmap :