MONEY
Sensex, Nifty surge for second day in a row, spurred by strong macroeconomic data
- IBJ Bureau
- Dec 02, 2021
Equity indices jumped higher on Thursday, led by gains across sectors. The 30-share BSE Sensex surged by 776 points or 1.35 per cent to close at 58,461. The broader NSE Nifty settled 235 points or 1.37 per cent higher at 17,401.
Top gainers in the Sensex pack included HDFC, PowerGrid, Sun Pharma, Tata Steel, Tech Mahindra and HCL Tech, with their shares rising as much as 3.92 per cent. ICICI Bank, Axis Bank and Ultra Cemco were the only losers, falling by up to 0.78 per cent.
On the NSE platform, all sub-indices finished in the green, with Nifty IT, Metal, Media and Oil & Gas gaining as much as 2.06 per cent.
“Irrespective of the weak sentiments in the international markets, domestic indices continued to rise due to gains in IT, financials and metal stocks amid strong domestic macroeconomic data,” Vinod Nair, the head of research of Geojit Financial Services, told the PTI today.
The Centre’s fiscal deficit of 36.3 per cent of the Budget estimates in October was better owing to improved revenue collection, he noted.
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