Apart from the FMCG sector, there was a boom in all other sectors
Mumbai, July 22 (IANS)| Increased risk appetite coupled with positive global cues helped equity markets break a three-session long decline on Monday. Accordingly, NSE Nifty 50 made the biggest single day gain in two months. Initially, both the major indices opened higher and rose during the day with a brief correction in the afternoon.
Besides, almost all the sectors ended in green except FMCG. Globally, markets traded higher on Thursday for the second day ahead of the European Central Bank meeting, as optimism about an economic recovery appeared to ease concerns over rising coronavirus cases and inflation. As a result, the S&P BSE Sensex closed 638.70 points or 1.22 per cent higher at 52,837.21 from its previous close.
The Nifty 50 of the National Stock Exchange closed at 15,824.05, up 191.95 points or 1.23 per cent from its previous close. Deepak Jasani, Head of Retail Research, HDFC Securities said, “Nifty is at the peak of the downgap zone formed on July 19.” “If this downgap gets filled and we move above 15,883, the way forward opens towards the 15,915-15,962 band.”
(Disclaimer: This news has been published directly from news agency’s Syndicate feed. It has not been edited by AnyTV News team.)