MARKET UPDATE:Sensex gained 150 points to 50,600 levels and Nifty reclaimed the 15,000-mark
Published On: Tuesday, March 16, 2021 | By: Team KnowMyStock
The Indian markets in India traded with slim gains in today's(16th March 2021) early deals, on the back of positive global cues. Among the headline indices, the S&P BSE Sensex gained 150 points to 50,600 levels and the Nifty50 index reclaimed the 15,000-mark it had given up in the previous session. Bharti Airtel, Titan, Asian Paints, Dr. Reddy's, and UltraTech Cement rose 1 percent, each, and were the top Sensex gainers. Among other individual stocks, Tata Communications slipped over 7 percent as the offer for sale (OFS) to divest the government’s shareholding in the company opened for institutional investors at the floor price of Rs 1,161 per share. The Nifty sectoral indices were mixed, with the Nifty IT index, up 0.4 percent, leading the gainers.
Wall Street’s main indexes closed at record highs overnight on gains in travel stocks as mass vaccinations in the United States and congressional approval of a $1.9 trillion aid bill fueled investor optimism. Overall, the Dow rose 0.53 per cent, the S&P 500 gained 0.65 per cent, and the Nasdaq added 1 per cent.
Following Wall Street's lead, Asian stocks also opened higher today. Japan’s Nikkei added 0.6 per cent. Hong Kong’s Hang Seng index rose 0.5 per cent. Australia’s ASX 200 index was up 1 per cent in early trading.
In commodities, Brent crude futures for May settled at $68.88 a barrel, losing 34 cents.
Tags: Indian markets Sensex Nifty
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