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Sensex opens 250 points higher at 50,678; Nifty begins session above 15,000-level

On the Sensex chart, ONGC, NTPC, Axis Financial institution, M&M, HDFC Financial institution and SBI had been main gainers – climbing as a lot as 4.three per cent.

PTI

UPDATED ON MAR 08, 2021 09:54 AM IST

The BSE gauge Sensex rallied over 270 factors and the NSE Nifty reclaimed the important thing 15,000-level in early commerce on Monday, monitoring a strong restoration in world shares.

The 30-share Sensex was buying and selling at 50,679.19, exhibiting an increase of 273.87 factors or 0.54 per cent.

Likewise, the broader Nifty was quoted at 15,015.05, up 76.95 factors or 0.52 per cent.

On the Sensex chart, ONGC, NTPC, Axis Financial institution, M&M, HDFC Financial institution and SBI had been main gainers – climbing as a lot as 4.three per cent.

Of the Sensex shares, 21 traded within the inexperienced.

In different Asian markets, equities staged a powerful restoration after witnessing panic sell-offs for a few classes as buyers cheered the US Senate passing a USD 1.9 trillion stimulus invoice for COVID-19 aid package deal.

Investor worries additionally subsided after the rise in bond yields steadied and the US labour division reported stronger-than-expected jobs knowledge for February.

In the meantime, world crude oil benchmark Brent Futures rose 1.49 per cent to USD 70.73 per barrel.

On Friday, the Sensex had dropped by 440.76 factors or 0.87 per cent, and the Nifty had ended decrease by 142.65 factors or 0.95 per cent.

On a weekly foundation, nevertheless, the Sensex had gained 1,305.33 factors or 2.65 per cent and the Nifty added 408.95 factors or 2.81 per cent.

Overseas buyers offloaded equities value 2,014.16 crore on a web foundation in Indian capital markets on Friday, in line with change knowledge.

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