Friday, Mar 29, 2024 | Last Update : 12:36 AM IST

  Business   Market  22 Nov 2016  Sensex gains 260 points, Nifty above 8,000 level

Sensex gains 260 points, Nifty above 8,000 level

PTI
Published : Nov 22, 2016, 10:08 am IST
Updated : Nov 22, 2016, 2:22 pm IST

The Nifty too was trading above the 8,000-mark by surging 83.30 points or 1.05 per cent at 8,012.40.

Bombay Stock Exchange
 Bombay Stock Exchange

Mumbai: The benchmark Sensex reclaimed the 26,000-mark by rising over 260 points and the Nifty regained the key 8,000-level in early trade on November 22, after six days of losses, on widespread buying amid firm Asian cues.

The 30-share Sensex was quoting sharply higher by 260.79 points, or 1.01 per cent, at 26,025.93 in early trade with all the sectoral indices led by metal and auto were trading in the positive zone, gaining by up to 2.20 per cent.

The Sensex had lost 1,752.54 points in the previous six sessions.

The Nifty too was trading above the 8,000-mark by surging 83.30 points or 1.05 per cent at 8,012.40 in early trade.

Brokers said emergence of buying by investors coupled with a better trend in other regional markets following overnight gains in the US and European equity markets influenced sentiments here.

Moreover, sustained buying by domestic institutional investors too supported the recovery, they added.

Among other Asian markets, Hong Kong's Hang Seng was up 1.37 per cent, while Shanghai Composite Index gained 0.66 per cent in early trade today. Japan's Nikkei also gained 0.04 per cent.

The US Dow Jones Industrial Average ended 0.47 per cent higher in yesterday's trade.

Tags: sensex, bse, nse, nifty, stock market, bombay stock exchange
Location: India, Maharashtra, Mumbai (Bombay)