Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

Short covering, GST expectations buoy equity markets

by | May 25, 2021

gstMumbai, (IANS) : Short covering, coupled with expectations of major economic legislation getting parliament’s approval, buoyed the Indian equity markets on Monday.

The two benchmark indices provisionally closed the day’s trade with substantial gains as healthy buying was witnessed in banking, automobile and consumer durables stocks.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) surged by 94.45 points or 1.11 per cent to 8,635.65 points.

The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 27,753.96 points, provisionally closed at 28,095.34 points (at 3.30 p.m.) — up 292.10 points or 1.05 per cent from the previous close at 27,803.24 points.

The Sensex touched a high of 28,110.37 points and a low of 27,736.51 points during the intra-day trade.

The BSE market breadth was skewed in favour of the bulls — with 1,720 advances and 1,000 declines.

On Friday, the benchmark indices were lifted by positive domestic cues and continued inflow of foreign funds. The barometer index rose by 92.72 points or 0.33 per cent, while the NSE Nifty edged up by 31.10 points or 0.37 per cent.

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

Recent Posts

IIM Raipur’s New MBA Batch Begins Its Leadership Journey

IIM Raipur’s New MBA Batch Begins Its Leadership Journey

Raipur, (Press Release)Indian Institute of Management (IIM) Raipur, a leading institution recognized for #BuildingBusinessOwners, hosted the Inauguration and Orientation Program for the MBA Batch 2025–27, marking the beginning of a transformative academic journey...

Hyderabad: A Thriving Hub of Opportunities, Business, and Innovation

Hyderabad: A Thriving Hub of Opportunities, Business, and Innovation

Maeeshat News Network | Hyderabad Hyderabad, the capital city of Telangana, India, has emerged as a dynamic powerhouse of opportunities, business, and innovation over the past few decades. Known historically for its rich cultural heritage, architectural marvels like...

Kolu Tola: Kolkata’s Vibrant Hub of Opportunity and Growth

Kolu Tola: Kolkata’s Vibrant Hub of Opportunity and Growth

Maeeshat News Network | Kolkata Kolkata, the cultural capital of India, is a city of diverse neighborhoods, each with its unique character and economic significance. Among these, Kolu Tola (also known as Colootola or Kolutola), a historic Muslim-majority area in...

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *