Sensex rises 349 points; banking, infra stocks climb

ANI
24 Jun 2022, 14:07 GMT+10

Mumbai (Maharashtra) [India], June 24 (ANI): The Indian stock markets key indices, Sensex and Nifty, were trading with a gain of around 0.7 per cent in the afternoon session on Friday led by good buying support in banking, financial and infra stocks.

The 30 stock SP BSE Sensex was trading 349.55 points or 0.67 per cent higher at 52,615.27 points at 1.20 pm against its previous session's close at 52,265.72 points.

Earlier, the Sensex started sharply higher at 52,654.24 points and soared to a high of 52,909.87 points in the morning trade. The markets witnessed some selling pressure later in the day falling to a low of 52,447.25 points.

This is the second consecutive day of gains in the benchmark Sensex. The index had gained 443.19 points or 0.86 per cent on Thursday.

The broader Nifty 50 of the National Stock Exchange was trading 119.10 points or 0.77 per cent higher at 15,675.75 points against its previous day's close at 15,556.65 points.

The Nifty had gained 143.35 points or 0.93 per cent on Thursday.

MahindraMahindra soared 3.30 per cent to Rs 1062. Hindustan Unilever surged 2.37 per cent to Rs 2305.

There was good buying support in banking and financial stocks. Bajaj Finance soared 2.79 per cent to Rs 5599.65. ICICI Bank surged 1.92 per cent to Rs 712.95. IndusInd Bank jumped 1.93 per cent to Rs 801.85. HDFC Bank jumped 1.53 per cent to Rs 1357.35. State Bank of India rose 1.26 per cent to Rs 457.05.

The index heavyweight Reliance Industries Limited was trading 0.74 per cent higher at Rs 2482.75.

Eight of the 30 scrips that are part of the Sensex were trading in the red.

There was selling pressure in IT stocks. Tech Mahindra slumped 1.46 per cent to Rs 976.70. Infosys slipped 1.30 per cent to Rs 1434.35. HCL Technologies fell 1.10 per cent to Rs 960.80. TCS fell 0.84 per cent to Rs 3281.25. Wipro was down 0.61 per cent. (ANI)

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Caribbean Herald.

More Information

null in null

Business

Section

Tech stocks slide, industrials surge on Wall Street

NEW YORK, New York - Global stock indices closed with divergent performances on Tuesday, as investors weighed corporate earnings, central...

Canada-US trade talks resume after Carney rescinds tech tax

TORONTO, Canada: Canadian Prime Minister Mark Carney announced late on June 29 that trade negotiations with the U.S. have recommenced...

Lululemon accuses Costco of selling knockoff apparel

Vancouver, Canada: A high-stakes legal showdown is brewing in the world of athleisure. Lululemon, the Canadian brand known for its...

Shell rejects claim of early merger talks with BP

LONDON, U.K.: British oil giant Shell has denied reports that it is in talks to acquire rival oil company BP. The Wall Street Journal...

Wall Street extends rally, Standard and Poor's 500 hits new high

NEW YORK, New York - U.S. stock markets closed firmly in positive territory to start the week Monday, with the S&P 500 and Dow Jones...

Canadian tax on US tech giants dropped after Trump fury

WASHINGTON, D.C.: On Friday, President Donald Trump announced that he was halting trade discussions with Canada due to its decision...

Latin America

Section

New road will remain as symbol of India-Guyana "deep friendship": Jaishankar as Phase I of Ogle to Eccles portion of the East Coast-East Bank road linkage project is commissioned

Georgetown [Guyana], July 1 (ANI): As Guyana President Irfaan Ali commissioned Phase I of the Ogle to Eccles portion of the East Coast-East...