{"id":13989,"date":"2021-09-16T11:11:54","date_gmt":"2021-09-16T11:11:54","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/09\/16\/sensex-ends-above-59000-nifty-tops-17600\/"},"modified":"2021-09-16T11:11:54","modified_gmt":"2021-09-16T11:11:54","slug":"sensex-ends-above-59000-nifty-tops-17600","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/09\/16\/sensex-ends-above-59000-nifty-tops-17600\/","title":{"rendered":"Sensex Ends Above 59,000; Nifty Tops 17,600"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Indian shares rose on Thursday to reach fresh record highs, with banking, financial and fast-moving consumer goods (FMCG) stocks leading the surge. <\/p>\n<p>The benchmark 30-share BSE Sensex climbed 417.96 points, or 0.71 percent, to settle at a fresh record high of 59,141.16 despite mixed global cues. <\/p>\n<p>Likewise, the broader NSE Nifty index finished at a record high of 17,629.50, up 110.05 points, or 0.63 percent, from its previous close as investors awaited details on the creation of a government-funded &#8216;bad bank&#8217; later in the day.<\/p>\n<p>Consumer product company ITC jumped 6.6 percent after multiple large trades, while SBI surged 4.8 percent after cutting interest rates on home loans. Reliance Industries and IOC both rose about 2 percent.<\/p>\n<p>Vodafone Idea shares soared as much as 28 percent, a day after the Union Cabinet approved a relief package for the telecom industry.<\/p>\n<p>Banks with exposure to the cash-strapped telecom firm followed suit, with IndusInd Bank rising 7.3 percent, Yes Bank rallying 12.6 percent and IDFC First Bank gaining 4.4 percent. <\/p>\n<p>Auto parts maker Bosch advanced nearly 5 percent, a day after the government cleared Rs 25,938 crore worth new production-linked incentive (PLI) scheme for the automobile sector.<\/p>\n<p>On the losing side, Tata Steel, Shree Cement, TCS, Bharti Airtel and Grasim fell 1-2 percent. <\/p>\n<p>Shares of Poonawalla Fincorp plunged 5 percent as market regulator SEBI barred its Managing Director and seven others from the <span class=\"landLinks\">markets<\/span> in an insider trading case. <\/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 Ends Above 59,000; Nifty Tops 17,600<\/a><br \/>\n<br \/>2021-09-16 11:11:54<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian shares rose on Thursday to reach fresh record highs, with banking, financial and fast-moving consumer goods (FMCG) stocks leading the surge. The benchmark 30-share BSE Sensex climbed 417.96 points,&#8230;<\/p>\n","protected":false},"author":2,"featured_media":13990,"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-13989","post","type-post","status-publish","format-standard","has-post-thumbnail","category-asian-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/13989","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=13989"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/13989\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/13990"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=13989"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=13989"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=13989"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}