sensex today: Sensex rises 629 points to close at 38,697 amid positive cues; Nifty settles above 11,400 – Times of India

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NEW DELHI: Equity indices finished higher on Thursday with the benchmark BSE sensex rising over 600 points led by gains in banking, financial stocks amid positive cues from domestic as well as global markets.
The 30-share BSE index closed 629 points or 1.65 per cent higher at 38,697; while the broader NSE Nifty settled 169 points or 1.51 per cent higher at 11,417.
Top gainers in the sensex pack included IndusInd Bank, Bajaj Finance, Axis Bank, ICICI Bank, Tech Mahindra, Bajaj Auto and Bajaj FinServ with their shares rising as much as 12.41 per cent.
While ITC, NTPC, Reliance, Titan and ONGC were the only losers falling up to 0.52 per cent.
On the NSE platform, sub-indices Nifty Private Bank, Financial Services and Banks gained up to 4.11 per cent.
According to experts, domestic markets cheered Centre’s move to reopen movie theatre as per the Unlock 5.0 guidelines, in addition to positive cues from global markets.
The government on Wednesday allowed states to reopen movie theatres at 50% capacity and said schools and educational institutions could restart in a phased manner.
“The unlocking will certainly help as the entire problem has been COVID-19 related. But, the only concern is (that) the number of cases are not coming under control,” Anita Gandhi, director at Arihant Capital Markets told news agency Reuters.
Meanwhile, rupee strengthened by 63 paise and closed for the day at 73.13 (provisional) against the US dollar, as positive domestic equities and weak American currency buoyed investor sentiments.
(With agency inputs)



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