Previous   Next
HomeBusinessSensex Ends 929 Points Higher, Nifty Tops 17,600

Sensex Ends 929 Points Higher, Nifty Tops 17,600

Benchmark indices were trading sharply higher in the afternoon session. Sensex ended 929 points higher at 59,183.22 and Nifty jumped 271.65 points to end at 17,625.70.

Earlier, Sensex opened 57 points higher at 58,662 and Nifty gains 33 points to 17,387. The rising number of Covid-19 and Omicron cases in India and the world will dictate the course of the stock market this year, say experts.

Indian equity indices enticed some more traction and added more points on the streets on the back of solid gains in financial shares and select index heavyweights. Traders remained optimistic after growth of eight core infrastructure industries grew 3.1 percent in November 2021 as against 1.1 percent contraction in the same month last year.

Sentiments were upbeat as the Finance Ministry said that Goods and Services Tax (GST) revenues grew 13 per cent to over Rs 1.29 lakh crore in December 2021, as compared to Rs 1.15 lakh crore GST revenues in the same month last year, mainly due to pickup in economic activity and anti-evasion steps.

On the technical front, Nifty managed to sustain above 17,600 levels. Immediate support and resistance in Nifty 50 are 17,400 and 18,000 respectively. Bank Nifty immediate support and resistance are 36000 and 37000 respectively.

More News

Bhagwant Mann Challenges CM Channi To Fight Against Him From Dhuri, Punjab

Bhagwant Mann has challenged Punjab Chief Minister and Congress leader Charanjit Singh Channi to fight against him from the Dhuri seat in the upcoming...

BJP Accuses Congress of Spreading Hatred In Punjab

Union Minister and Punjab BJP election in-charge Gajendra Singh Shekhawat has demanded action from the Election Commission, accusing the Congress of creating an atmosphere...

896 Indians Amongst 1,214 Players Registered For IPL 2022 Auction

After the registration for the Indian Premier League (IPL) 2022 player auction ended on January 20, the tournament said in an official advisory that...


Sensex Slips 600 points, Nifty Ends Below 17,800

Benchmark indices ended lower on January 20 on the back of continues profit booking, with Nifty closing below 17800. At close, the Sensex was down...

Microsoft-Activision Blizzard Deal May Face Scrutiny By Antitrust Enforcers In US

Microsoft Corporations proposed $75 billion acquisition of Activision Blizzard Inc. is likely to receive a close look from antitrust enforcers in the US and...

Digital Payments Adoption Accelerating: RBI-Digital Payments Index

There has been a significant growth in adoption as well as deepening of digital payments across the country, showed the Reserve Bank of India...