Sensex closes 549 points higher to extend rally into 3rd day, Rupee loses 7 paise

State Bank of India (SBI) was the biggest gainer in the Sensex pack, followed by ITC, Nestle, Bharti Airtel, IndusInd Bank, Mahindra & Mahindra, Reliance Industries and Larsen & Toubro.

PTIUpdated: Tuesday, October 18, 2022, 04:15 PM IST
article-image
Representational Image |

Equity benchmark indices rallied for the third day in a row on Tuesday amid firm global market trends and buying in index major Reliance Industries.

The 30-share BSE Sensex jumped 549.62 points or 0.94 per cent to settle at 58,960.60. During the day, it zoomed 732.68 points or 1.25 per cent to 59,143.66.

Similarly, the broader NSE Nifty surged 175.15 points or 1.01 per cent to end at 17,486.95.

State Bank of India (SBI) was the biggest gainer in the Sensex pack, followed by ITC, Nestle, Bharti Airtel, IndusInd Bank, Mahindra & Mahindra, Reliance Industries and Larsen & Toubro.

The Rupee finally ended at 82.37 against the US dollar, down 7 paise from its previous close of 82.30. The dollar index, which measures the greenback's strength against a basket of six currencies, rose 0.18 per cent to 112.24.

HDFC, NTPC, HDFC Bank, Tech Mahindra and Sun Pharma were the laggards. Other Asian markets in Seoul, Tokyo and Hong Kong ended with gains, while Shanghai settled lower.

Stock exchanges in Europe were trading in the positive territory in mid-session deals. Wall Street had ended significantly higher on Monday. International oil benchmark Brent crude was trading 0.65 per cent lower at USD 91.02 per barrel.

Foreign institutional investors (FIIs) remained net sellers in the Indian capital market on Monday as they offloaded shares worth Rs 372.03 crore, as per exchange data.

(To receive our E-paper on whatsapp daily, please click here. To receive it on Telegram, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

RECENT STORIES

Dabur CEO Krishan Kumar resigns, to be replaced by Raghav Agarwal

Dabur CEO Krishan Kumar resigns, to be replaced by Raghav Agarwal

New data protection bill will establish India as trusted gobal partner for digitisation, say tech...

New data protection bill will establish India as trusted gobal partner for digitisation, say tech...

Renewable power firm giant Suzlon Energy sells its solar power subsidiary Vayudoot Solarfarms

Renewable power firm giant Suzlon Energy sells its solar power subsidiary Vayudoot Solarfarms

Rupee plunges 48 paise against dollar due to likelihood of aggressive rate hikes in the US

Rupee plunges 48 paise against dollar due to likelihood of aggressive rate hikes in the US

Closing bell: Indices ended marginally lower; Sensex falls 33 points at 62834, Nifty around 18700

Closing bell: Indices ended marginally lower; Sensex falls 33 points at 62834, Nifty around 18700