MARKET UPDATE: Sensex up 659 points at 57,724 levels while Nifty at 17,183, up 200 points
Published On: Wednesday, December 1, 2021 | By: Team KnowMyStock
The Indian frontline indices started gap-up today (1st December 2021) on the back of strong GDP growth of over 8 percent in Q2. With this, India continues to remain the fastest-growing large economies in the world. That apart, firm Asian cues also supported the sentiment on the Street. The BSE Sensex was up 659 points, or 1.15 percent, at 57,724 levels. The Nifty50, on the other hand, was at 17,183, up 200 points. IndusInd Bank (up 3.7 percent) was the top Sensex gainer, followed by Tech M, HDFC, NTPC, Tata Steel, and UltraTech Cement. Power Grid was the only loser on the index, down 0.2 percent. In the broader markets, the BSE MidCap and SmallCap indices added 0.9 percent and 0.8 percent, respectively.
Individually, Escorts was up 0.24 per cent after the company reported a 30-per cent YoY slide in October sales. The company sold 7,116 units of tractors in the previous month compared with 10,165 units sold in November last year.
Sectorally, nearly all the key indices on the NSE were trading over 1 per cent higher with an exception of the Nifty Pharma and FMCG indices (up 0.8 per cent each).
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