CLOSING BELL: Sensex leaps 1,181 pts to a fresh 52-week high of 61,841 and Nifty touched 18,362 amid global rally
Published On: Friday, November 11, 2022 | By: Team KnowMyStock
Indian equities rose in tune with global peers after the release of US inflation data in October raised investor hopes that inflation has peaked. Except for a minor downtick in the Nifty Auto, FMCG, and PSU Bank indices, all other sectoral indices advanced on the bourses. The Nifty IT index led from the front with around a 4 percent surge. Meanwhile, HDFC twins, information technology (IT), and other heavyweights including Reliance Industries, Tata Steel, L&T, and Bajaj twins propelled the S&P BSE Sensex to a fresh 52-week high of 61,841, while the Nifty50 touched 18,362. The indices, eventually, ended at 61,795, and 18,350 levels, up 1,181 points and 322 points, respectively. In the broader markets, the BSE MidCap, and the BSE SmallCap indices added 0.15 percent, and 0.33 percent, respectively, as against the frontline indices' 2-per cent gain.
Globally, the Nikkei 225 in Japan closed up 2.98 per cent, and the Topix closed higher at 2.12 per cent. The Kospi in South Korea ended up 3.37 per cent, and the S&P/ASX 200 in Australia climbed 2.79 per cent.
Further, the Hang Seng index jumped 7.74 per cent, and the Hang Seng Tech index surged 10.05 per cent as Chinese state media reported Covid measures for travel will be eased. In mainland China, the Shenzhen Component added 2.120 per cent, while the Shanghai Composite Index gained 1.69 per cent.
On Wall Street, futures linked to main indices indicated firm start later tonight, with Nasdaq Futures up 0.7 per cent.
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