Indian shares continues to trade higher, NIFTY50 rises above 21,600, SENSEX gains over 1,000 points
Upstox
1 min read • Updated: January 29, 2024, 3:09 PM
Summary
Markets starts the week on positive note, with NIFTY50 rises above 21,600, SENSEX gains 1000+ points
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Indian shares opened higher on Monday, tracking gains in Asia after China rolled out measures to stabilise its markets, while U.S. data added to hopes of early interest rate cuts.
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The blue-chip NSE Nifty 50 index rose +1.6% to 21,695 points and the S&P BSE Sensex was up 1.5% at 71,808, as of 12:45 pm.
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Out of the NIFTY50 space, 39 stocks are advancing. Meanwhile, ONGC, Adani Enterprises and Reliance are the top gainers. On the sectoral front, NIFTY Oil & Gas and PSU Bank indices are up 4.1% and 2.0% respectively.
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Shares of Sun Pharma are up 4% today after hitting a 52-week high of ₹1,420 per share. This comes after Sun Pharm’s Israel-based subsidiary Taro Pharmaceutical Industries reported better than expected Q3 earnings.