Sensex up 477 points – Navshakti

Sensex gains 477 points

News Agency / Mumbai
The Sensex and Nifty hit their all-time highs on Tuesday on buying by leading companies. Strong buying in shares of energy, information technology, pharmaceutical companies and banks boosted the market. The global market was also positive. Meanwhile, the rupee strengthened by 34 paise to 74.66 against the dollar. After opening at 74.95 on Tuesday morning, the stock traded as strong as 74.60 and as low as 74.95 during the day. It then closed at 74.66.
On 30- Share BSE
The Sensex rose 477.24 points, or 0.83 per cent, to a week’s high of 57,897.48. About 28 companies rose while only two companies closed lower. Similarly, the wide-based National Stock Exchange index Nifty rose by 147.20 points, or 0.86 per cent, to close at 17,233.45. Shares of Sun Pharma, Asian Paints and Reliance Industries rose. All but two Nifty stocks rose.
In the US, the S&P 500 hit a record 69th level on Monday. The index rebounded on the back of rising US crude oil prices and signs that Omaicron would have little effect on the economy. K. Vijay Kumar, Chief Investment Policy Officer, Geojit Financial Services.
In the Sensex, Asian Paints rose the most at 3%, while Sun Pharma rose 2.59%. Reliance Industries rose 1.18 per cent, Infosys 1 per cent and HDFC Bank 0.74 per cent on the back of recovery in crude oil prices. Shares of Mahindra & Mahindra, NTPC, Ultratech Cement, Titan, L&T and Tech Mahindra rose. Shares of IndusInd Bank and Powergrid fell.
Shares of Capital Goods, Basic Materials, Industrial, Automotive and Consumer goods companies rose 1.56 per cent on the BSE. Midcap and smallcap stocks gained 1.43 per cent. Asian markets had a positive atmosphere in Shanghai, Seoul and Tokyo. European markets were up by noon. Brent crude, meanwhile, rose 0.61 per cent to. 78.70 a barrel in international trade.

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