You are here: Home » Markets » News

Sensex zooms 380 pts, ends at record high on US stimulus cheer, Brexit deal

All that happened in the markets today

Markets | SGX Nifty | NSE

SI Reporter  | New Delhi 


The Indian closed at fresh lifetime high on Monday on broad-based buying amid positive global cues after US President Donald Trump signed into law a $2.3 trillion pandemic aid and spending package. Moreover, the United Kingdom's historic trade deal with the European Union also aided investor sentiment.

Among the headline indices, the S&P Sensex closed 380 points higher at 47,354. The index hit an intra-day high of 47,407. The broader Nifty50 index closed at 13,873. State Bank of India and Titan (both up 3%) were the top Sensex gainers, followed by Larsen & Toubro and IndusInd Bank (both up 2%). Out of the 30 Sensex constituents, 26 ended the day in the green.

All the Nifty sectoral indices, barring Nifty Pharma, ended higher, led by Nifty Realty and Nifty Metal indexes, both up 2.6 per cent.

The broader outperformed the benchmarks, with the S&P MidCap and SmallCap indexes gaining 0.8 per cent and 1.5 per cent, respectively.

Shares of Tata Motors ended the session 5.9 per cent higher at Rs 186.30 on the after the United Kingdom (UK) and the European Union negotiators finalized their historic post-Brexit trade agreement.

Pilani Investments and Industries Corporation soared 12.85 per cent to Rs 2,837 on the BSE ahead of 2:5 bonus issue. The stock will turn ex-date for bonus shares on Thursday, December 31.

Global markets

The euro STOXX index rose 0.9 per cent in the first trading session after London and Brussels signed an eleventh hour deal on Thursday evening that preserves zero tariff access to each other’s .U.S. S&P futures rose 0.6 per cent in their first trade after the Christmas holiday, edging near a record touched last week.

Earlier Japan’s Nikkei advanced 0.7 per cent and China stocks also rose, helped by strong industrial profit data. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.1 per cent.

(with inputs from Reuters)


Auto Refresh