Sensex Jumps Over 300 Points, Nifty Hits 11,350: 10 Things To Know

Sensex Jumps Over 300 Points, Nifty Hits 11,350: 10 Things To Know

Stock market India: The markets look poised to rise in the short term, say analysts

Domestic stock markets started Thursday’s session on a strong note, breaking a five-day losing streak, amid gains in Asian peers. The S&P BSE Sensex index added as much as 322.22 points to 38,169.87 in the first hour of trade, and the NSE Nifty benchmark touched 11,361.40, up 90.1 points from the previous close. Analysts pointed to a short-covering rally for upmove in today’s session after five days of losses. Meanwhile, gains in banking, financial services and pharmaceutical shares supported the markets. However weakness in metal and energy counters capped the upside for the benchmarks. Analysts say some caution can be expected ahead of the expiry of monthly derivatives contracts due by the end of the session

Author: Anindita Ghosh