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After consecutive losses for 7 days, Sensex surges 330 points to close at 34,413; Nifty ends above 10,500

According to market observers, broadly positive Asian indices, coupled with healthy buying in banking, capital goods, healthcare and auto stocks, lifted the equity indices.

Edited by: India TV Business Desk, Mumbai [ Updated: February 08, 2018 16:04 IST ]
Sensex surges 330 points to close at 34,413; Nifty ends
Sensex surges 330 points to close at 34,413; Nifty ends above 10,500

After seven consecutive days of losses, key Indian equity indices on Thursday surged to trade on a higher note, with the barometer Sensex of the BSE rising over 330.45 points to close at 34,413.16.

The broader NSE Nifty also soared 100.15 points to end at 10,576.85.

According to market observers, index heavyweights like Sun Pharma, State Bank of India, Dr Reddy's Lab, Infosys and Axis Bank added to the upward trajectory of the key indices.

On Wednesday, the equity indices closed on a lower note as outflow of foreign funds and selling pressure in banking, capital goods and IT stocks suppressed investors' risk-taking appetite.

The Nifty50 closed lower by 21.55 points or 0.21 per cent at 10,476.70 points, while the Sensex closed at 34,082.71 points -- down 113.23 points or 0.33 per cent.

 

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