Thursday, March 13, 2025

Sensex jumps 255 pts; Nifty tops 11,100

Date:

Share post:

spot_img

Mumbai: Extending gains for the second straight session, the BSE Sensex jumped 255 points on Friday on expectations of measures from the Centre to revive economic growth and address tax concerns.
Reports of a meeting between Finance Minister Nirmala Sitharaman and foreign portfolio investors (FPIs) to put together a package to boost investor sentiment too lifted the market mood, traders said.
After rallying 480 points during the day, the 30-share Sensex settled 254.55 points or 0.68 per cent higher at 37,581.91. It hit an intra-day high of 37,807.55 and a low of 37,406.26. The broader NSE Nifty jumped 77.20 points or 0.70 per cent to 11,109.65. During the day, it hit a high of 11,181.45 and a low of 11,062.80.
Top gainers in the Sensex pack included Maruti, Bajaj Finance, Vedanta, HDFC twins, HUL, Kotak Bank and ICICI bank, which surged up to 3.36 per cent.
On the other hand, Yes Bank was the biggest laggard, cracking 7.91 per cent. Tech Mahindra, Tata Motors, Tata Steel, ITC and Sun Pharma too fell up to 2.50 per cent.
According to experts, expectations of multiple measures from the government to revive economic growth after Sitharaman and finance ministry officials met captains of the industry on Thursday led the rally in domestic equities.
Elsewhere in Asia, Shanghai Composite Index, Hang Seng, Kospi and Nikkei ended on a mixed note.
Equities in Europe were trading in the red in their respective early sessions.
Meanwhile, the Indian rupee depreciated 12 paise to 70.81 against the US dollar intra-day.
Brent crude futures, the global oil benchmark, rose 0.73 per cent to USD 57.80 per barrel. (PTI)

spot_img

Related articles

Kremlin aide rejects US ceasefire plan on Ukraine

Washington, March 13: A top aide to Russian President Vladimir Putin on Thursday rejected the US plan of...

President Droupadi Murmu, PM Modi extend Holi greetings to citizens

New Delhi, March 13: President Droupadi Murmu and Prime Minister Narendra Modi extended their warm wishes to the...

Young Australians struggle with cost of living, mental health: Report

Sydney, March 13: A new report published on Thursday highlighted the growing struggles of young Australians, who are...

Home Ministry gives nod to prosecute Sisodia, Jain facing graft allegations

New Delhi, March 13: In a fresh trouble for former Delhi ministers Manish Sisodia and Satyendar Jain, facing...