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Sensex jumps 800 pts; Nifty 239 pts
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SME Times News Bureau | 19 Jan, 2021
The Indian equity indices surged on Tuesday, with the BSE Sensex gaining over 800 points.
The across the board rise was led by healthy buying activity in auto, finance, capital goods and oil and gas stocks.
Surge
in the index-heavyweights Reliance Industries (RIL) and HDFC led the
rise on Sensex, which closed at 49,398.29, higher by 834.02 points, or
1.72 per cent, from its previous close of 48,564.27.
It touched an intra-day high of 49,499.86 points.
The
Nifty50 on the National Stock Exchange (NSE) closed at 14,521.15,
higher 239.85 points or 1.68 per cent from its previous close.
RIL
shares on the BSE reclaimed the Rs 2,000 mark on Tuesday. Its shares
closed at Rs 2,016.30, higher by Rs 32.80 or 1.65 per cent.
Shares of HDFC closed at Rs 2649.80, higher by Rs 83.40 or 3.25 per cent.
Noting
that the Indian equity benchmark indices bounced back strongly on
Tuesday after two days of losses, Deepak Jasani, Head of Retail Research
at HDFC Securities, said that the volumes on the NSE were the lowest
since January 1.
"Asian shares ascended on Tuesday as investors
bet China's economic strength would help support growth in the region,
even as pandemic lockdowns threatened to lengthen the road to recovery
in the West. European stocks inched higher on Tuesday, sustained by
hopes that an economic recovery following the coronavirus pandemic is
not far off," he said.
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Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
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66.20
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64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
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