May 17, 2021 07:42 PM
Stock Market Indices that started with gains on Monday morning with positive signs internationally gained more momentum during the day. Finally, the Sensex gained 848 points to close at 49,580. The Nifty rose 245 points to settle at 14,923. The Sensex was at 49,628 and the Nifty was at an intraday high of 14,938. Rupee exchange rate against dollar Stood at 73.22.
U.S. markets closed with gains on Friday. Asian markets, which received signals from there, turned positive today on the back of positive developments such as the recovery of Chinese industrial production. Domestically, the decline in corona cases for the fourth day in a row and the number of positive cases falling below three lakh today boosted investor sentiment.
News of the launch of the Apollo vaccination, the release of the corona drug DRDO2DG, the arrival of the second batch of Sputnik-V vaccines in India, and the fact that Covaxin works effectively on newer variants also strengthened the sentiment of the indexes.
Stock Market Indices, Also, purchases in key sectors such as banking and finance have been on the rise since last week’s series of losses. The rupee also strengthened. In the wake of these developments, the indices are showing gains today.
IndusInd Bank, SBI, ICICI Bank, HDFC Bank, Axis Bank, Bajaj Finserv, Ultratech Cement, Kotak Mahindra Bank, Bharti Airtel, L&M, Maruti, L&A, Marg, Pvt.