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MARKET WRAP: Sensex jumps 629 pts on broad-based buying; Nifty Bank up 3.7%

All that happened in the markets today

Markets | Chemcon Speciality Chemicals | CAMS

SI Reporter  | New Delhi 


The benchmark indices ended over 1.5 per cent higher on Thursday amid across-the-board buying. 

Among headline indices, the S&P BSE Sensex ended 629 points, or 1.65 per cent higher at 38,697 levels while the Nifty50 index topped the 11,400-mark to settle at 11,417, up 1.5 per cent. The volatility index, India VIX, slipped nearly 6.5 per cent to 18.27 levels. 

IndusInd Bank (up over 12 per cent) and Bajaj Finance (up over 5 per cent) were the top Sensex gainers, followed by Axis Bank, ICICI Bank, and Tech Mahindra (all up 4 per cent).

On a weekly basis, Sensex gained 3.4 per cent while Nifty added 3.3 per cent. The will remain closed on Friday (October 2) on account of Gandhi Jayanti.

The trend among Nifty sectoral indices was positive, led by Nifty Private Bank index, up over 4 per cent. The Nifty Bank index rallied 3.7 per cent to 22,246 levels. 

In the broader market, the S&P BSE MidCap index ended 0.73 per cent higher at 14,813 levels while the S&P BSE SmallCap index ended at 14,970, up 0.69 per cent.

Global markets 

European stocks rose on Thursday as Swedish retailer H&M and French-Italian chipmaker STMicroelectronics jumped after reporting forecast-beating results, while hopes of more US stimulus aided global sentiment.

In Japan, a hardware failure shut down trading on the Tokyo Stock Exchange in the worst outage ever suffered by the world’s third-largest stock market, which said it aimed to reopen on Friday.

In commodities, oil prices fell as rising coronavirus cases dampened the demand outlook. Gold, on the other hand, rose on Thursday as an easing dollar and signs of progress in talks for fresh US stimulus measures bolstered the metal’s appeal.

(With inputs from Reuters)


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