🔥 Premium AI-powered Stock Picks from InvestingPro Now up to 50% OffCLAIM SALE

Sensex jumps 1000 points as heavyweights surge

Published 29-01-2024, 06:33 pm
© Reuters.  Sensex jumps 1000 points as heavyweights surge
ADAN
-
BPCL
-
CAST
-
COAL
-
HPCL
-
IRBI
-
LART
-
NCCL
-
ONGC
-
PGRD
-
RELI
-
BSESN
-
NBCC
-

New Delhi, Jan 29 (IANS) BSE Sensex jumped more than 1000 points on Monday led by buying in heavyweight stocks.

BSE Sensex is trading at 71,799.42 points, up by 1098.75 points or 1.55%.

Oil and gas stocks were best performers with ONGC (NS:ONGC) up 7 per cent and Reliance Industries (NS:RELI) up 4 per cent. Hindustan Petroleum (NS:HPCL) is up 4 per cent, BPCL is up 3 per cent.

Among the energy stocks, Coal India (NS:COAL) is up 3 per cent, Castrol is up 4 per cent.

Among the infrastructure stocks, IRB is up 13 per cent, NBCC (NS:NBCC) is up 8 per cent, NCC (NS:NCCL) is up 7 per cent.

Adani stocks are up in trade with Adani Power (NS:ADAN), Adani Ports, Adani Energy up 3 per cent.

Among the Sensex stocks, Reliance is top gainer followed by L&T and Powergrid up 3 per cent.

Two important events are due this week: the interim Budget and the Fed meeting on rate decision. But these events are unlikely to impact the market in a big way, says V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.

The Budget will be a vote on account without major announcements capable of impacting the market, he said.

Regarding the Fed decision, no rate cut is expected, but the commentary will be keenly watched.

The turbulence in the Red Sea is turning out to be a serious issue. Brent crude has spiked to $83, he added.

(Sanjeev Sharma can be reached at Sanjeev.s@ians.in)

--IANS

biz/san/uk

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.