AVN 65.31 Decreased By ▼ -0.86 (-1.3%)
BAFL 30.25 No Change ▼ 0.00 (0%)
BOP 4.63 Decreased By ▼ -0.10 (-2.11%)
CNERGY 3.89 Decreased By ▼ -0.12 (-2.99%)
DFML 13.50 Decreased By ▼ -0.60 (-4.26%)
DGKC 42.15 Decreased By ▼ -1.54 (-3.52%)
EPCL 46.13 Increased By ▲ 1.48 (3.31%)
FCCL 11.45 Decreased By ▼ -0.38 (-3.21%)
FFL 5.19 Increased By ▲ 0.22 (4.43%)
FLYNG 5.82 Decreased By ▼ -0.28 (-4.59%)
GGL 10.04 Decreased By ▼ -0.34 (-3.28%)
HUBC 63.21 Increased By ▲ 0.91 (1.46%)
HUMNL 5.73 Decreased By ▼ -0.12 (-2.05%)
KAPCO 27.81 Increased By ▲ 0.26 (0.94%)
KEL 2.15 Decreased By ▼ -0.06 (-2.71%)
LOTCHEM 25.37 Decreased By ▼ -1.23 (-4.62%)
MLCF 21.65 Decreased By ▼ -0.87 (-3.86%)
NETSOL 84.95 Decreased By ▼ -1.25 (-1.45%)
OGDC 86.64 Increased By ▲ 0.37 (0.43%)
PAEL 10.96 Decreased By ▼ -0.31 (-2.75%)
PIBTL 4.21 Decreased By ▼ -0.07 (-1.64%)
PPL 78.65 Decreased By ▼ -1.43 (-1.79%)
PRL 13.61 Decreased By ▼ -0.05 (-0.37%)
SILK 0.88 Decreased By ▼ -0.02 (-2.22%)
SNGP 41.00 Decreased By ▼ -0.75 (-1.8%)
TELE 6.01 Decreased By ▼ -0.20 (-3.22%)
TPLP 16.02 Decreased By ▼ -0.25 (-1.54%)
TRG 111.89 Decreased By ▼ -0.66 (-0.59%)
UNITY 14.01 Decreased By ▼ -0.34 (-2.37%)
WTL 1.14 Decreased By ▼ -0.06 (-5%)
BR100 4,026 Decreased By -48.6 (-1.19%)
BR30 14,402 Decreased By -123 (-0.85%)
KSE100 40,451 Decreased By -396 (-0.97%)
KSE30 15,110 Decreased By -101.7 (-0.67%)
Markets

Indian shares close at record highs as pandemic curbs ease, cases fall

  • The blue-chip NSE Nifty 50 index rose 0.36% to 15,869.25 and the benchmark S&P BSE Sensex climbed 0.42% to 52,773.05 at close.
  • In Mumbai trading, financial stocks provided a boost to the Nifty 50, with ICICI Bank Ltd and HDFC Bank Ltd ending 1.6% and 0.7% higher, respectively.
Published June 15, 2021
Follow us

BENGALURU: Indian shares ended at record highs on Tuesday, as declining COVID-19 infections prompted many states to re-open businesses, with a rally in broader markets also helping the sentiment.

The blue-chip NSE Nifty 50 index rose 0.36% to 15,869.25 and the benchmark S&P BSE Sensex climbed 0.42% to 52,773.05 at close.

Many Indian states eased coronavirus restrictions on Monday, including the national capital New Delhi, where authorities allowed shops and malls to open as the number of new cases dropped to the lowest in more than two months.

India on Tuesday reported 60,471 new infections, the lowest since March 31.

The sentiment also tracked global stocks that hit a record high, as investors bet likely "transitory" inflation pressures will restrain the US Federal Reserve from signalling a shift in policy settings.

Many investors expect the Fed to maintain its dovish stance at its two-day meeting starting on Tuesday. Some board members, however, have said the central bank should start discussing tapering its bond buying.

In Mumbai trading, financial stocks provided a boost to the Nifty 50, with ICICI Bank Ltd and HDFC Bank Ltd ending 1.6% and 0.7% higher, respectively.

The Nifty Bank Index and the Nifty Private Bank Index, which have so far gained more than 0.55% this week, were among the top performers across sub-indexes rising between 0.85% and 1.07%.

Software services firm Infosys Ltd rose 0.8%, lifting the Nifty IT index by 0.23%.

Shares of Future Retail Ltd closed 10% higher, after staying at those levels since early trade.

Comments

Comments are closed.

Indian shares close at record highs as pandemic curbs ease, cases fall

Imran Khan to contest by-elections on all 33 NA seats: Qureshi

Ishaq Dar announces 35-rupee hike in prices of petrol and diesel

India's Adani Group: Hindenburg report intended to create false market

Gulf stocks rise on hope of slower Fed rate hikes

At least 41 killed as passenger coach falls into ravine in Lasbela

6.3 magnitude earthquake jolts Islamabad, surrounding areas

Ten children killed in northwest Pakistan boat capsize

Blinken arrives in Egypt as Middle East violence erupts

Former UN chief calls for climate action over ‘visions’ at COP28

Djokovic wins Australian Open to equal Nadal’s 22 Slam titles