The Sensex and the Nifty today closed with gains of more than half a per cent. The domestic stocks climbed amid the positive cues from global equity markets amid good corporate quarterly results. The Sensex at Bombay Stock Exchange ended above 48,000 mark while the Nifty surged to finish above 14,400 level.
The Sensex rose 375 points, or 0.79 per cent, to finish at 48,081. The Nifty also appreciated 110 points, or 0.77 per cent, to settle at 14,406.
In the Sensex pack, shares of 19 companies climbed while 11 fell while in sectoral indices 14 out of 19 sectors gained.
In global equity markets, Asian stocks logged gains following a sharp selloff earlier this week. Japan’s Nikkei-225 was the top gainer as it ended with a jump of 2.4 per cent and Singapore’s Straits Times climbed one per cent. Hong Kong’s Hang Seng rose half a per cent and South Korea’s KOSPI added 0.2 per cent. On the Other side, China’s Shanghai Composite index slipped 0.2 per cent. European shares were also up in intra-day trade.
Oil prices fell for a second day to their lowest in a week amid a build in US crude inventories and concerns about surging COVID-19 cases in India, the world’s third-biggest oil importer. In intra-day trade, Brent crude prices were trading around USD 64.90 per barrel.
Back Home, at Multi Commodity Exchange, gold prices fell in sync with the price fall in international bullion markets. Gold was trading 370 rupees down at Rs 47,855 per 10 gram. Silver prices also fell Rs 540 to trade at Rs 69,800 per kilogram.
In the forex market, the rupee weakened seven paise to close at Rs 74.95 against the US dollar.