Sensex reclaims 61K level on Q3 optimism
Key indices rally for 4th Session; Realty stocks hog limelight; Mkts will react to results of Infy, TCS and Wipro, and macroeconomic data (IIP and CPI) in early trade on Thursday, opine analysts
image for illustrative purpose
Pinning Hopes On Encouraging Earnings
- BSE Sensex settled 533.15 pts higher at 61,150.04
- NSE Nifty climbed 156.60 pts to 18,212.35
- M&M, Airtel, RIL, IndusInd Bank, ICICI Bank and Tata Steel among gainers
- TCS, Titan, HDFC Bank, Tech Mahindra, Wipro and Nestle closed in the red
- Global sentiment turns positive ahead of US inflation data
- Fed Chair's testimony eased inflationary worries
- World mkts trading higher as Wall St rallies
Mumbai: The BSE gauge Sensex surged over 500 points to recapture the key 61,000-level on Wednesday as participants pinned hopes on robust quarterly results by companies. Extending its winning run for the fourth straight session, the 30-share Sensex settled 533.15 points or 0.88 per cent higher at 61,150.04. Intra-day, the index touched its highest point at 61,218.19. Similarly, the NSE benchmark Nifty climbed 156.60 points or 0.87 per cent to end at 18,212.35. "Led by realty, auto, energy and banking stocks, benchmark indices continued their winning streak for the 4th consecutive day despite fast spread of Covid cases. Globally, sentiments were positive ahead of the release of US inflation data as the Fed Chair's testimony eased inflationary worries. Realty stocks continued their upward rally on healthy business updates resulting in improved outlook. The initial result updates of major IT firms will determine the momentum of the week ahead," said Vinod Nair, head (research) at Geojit Financial Services.
