{"id":13389,"date":"2021-08-30T10:43:49","date_gmt":"2021-08-30T10:43:49","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/08\/30\/sensex-soars-765-points-nifty-tops-16900\/"},"modified":"2021-08-30T10:43:49","modified_gmt":"2021-08-30T10:43:49","slug":"sensex-soars-765-points-nifty-tops-16900","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/08\/30\/sensex-soars-765-points-nifty-tops-16900\/","title":{"rendered":"Sensex Soars 765 Points; Nifty Tops 16,900"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Indian shares rose sharply on Monday, with benchmark indexes Sensex and the Nifty both climbing over 1 percent to close at fresh record highs, on the back of positive global cues buoyed by the Fed commentary.<\/p>\n<p>The benchmark 30-share BSE Sensex hit as high as 56,958.27 earlier in the day before ending the session up 765.04 points, or 1.36 percent, at a record closing high of 56,889.76. <\/p>\n<p>The broader NSE Nifty index ended up 225.85 points, or 1.35 percent, at a record high of 16,931.05, after having earlier breached the 16,900-mark for the first time ever to touch a record high of 16,951.50.<\/p>\n<p>The rupee surged to over two-month high against the dollar after Federal Reserve Chair Jerome Powell sounded more cautious than other Fed officials when talking about tapering.<\/p>\n<p>In a virtual speech at the Jackson Hole Economic Symposium last Friday, Powell signaled the central bank is likely to begin tapering some of its easy-money policies before the end of the year but there&#8217;s &#8220;much ground to cover&#8221; before rate hikes happen.<\/p>\n<p>Bharti Airtel shares jumped 5 percent after the telecom major&#8217;s board approved raising capital up to Rs. 21,000 crore via a rights issue.<\/p>\n<p>Coal India, Tata Steel, Axis Bank and Divis Laboratories rallied 3-4 percent while Eicher Motors, Nestle India and Tech Mahindra all ended down over 1 percent. <\/p>\n<\/p>\n<p>Market Analysis<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>Sensex Soars 765 Points; Nifty Tops 16,900<\/a><br \/>\n<br \/>2021-08-30 10:43:49<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian shares rose sharply on Monday, with benchmark indexes Sensex and the Nifty both climbing over 1 percent to close at fresh record highs, on the back of positive global&#8230;<\/p>\n","protected":false},"author":2,"featured_media":13390,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.unsplash.com\/photo-1535139262971-c51845709a48?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw=&ixlib=rb-1.2.1&auto=format&fit=crop&w=1950&q=80","fifu_image_alt":"","footnotes":""},"categories":[30],"tags":[],"class_list":["post-13389","post","type-post","status-publish","format-standard","has-post-thumbnail","category-asian-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/13389","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=13389"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/13389\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/13390"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=13389"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=13389"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=13389"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}