Market Highlights: Sensex gains 486 pts, ends above 49,250, Nifty tops 14,450; HCL Tech, Infosys top gainers
Volatility inched up on Monday to cross 22 levels.
Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic equity benchmark indices surged to fresh all-time highs on Monday, yet again. S&P BSE Sensex closed 486 points higher at 49,269, the 50-stock NSE Nifty index ended at 14,484. Broader markets underperformed the benchmark indices with mid and smallcap ended the day in red. HCL Technologies, Infosys, were the top gainers, surging 6% and 5%, respectively. Nifty Bank, Nifty Media, Nifty Metal, Nifty PSU Bank and Nifty private bank index ended in red.
Earning of India’s leading companies are looking to bounce back strongly in the third quarter after the coronavirus-induced hit that they suffered in the initial months of this fiscal year. IT major TCS has reported strong on-year growth in net profit while Radhakishan Damani’s Avenue Supermarts said its net profit grew 16% on-year basis. Business activity has been picking up and the October-December earnings are expected to be better with pent-up demand and festive demand collectively boosting figures for India Inc.
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