{"id":14022,"date":"2021-09-17T04:18:43","date_gmt":"2021-09-17T04:18:43","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/09\/17\/sensex-nears-59500-nifty-tops-17700\/"},"modified":"2021-09-17T04:18:43","modified_gmt":"2021-09-17T04:18:43","slug":"sensex-nears-59500-nifty-tops-17700","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/09\/17\/sensex-nears-59500-nifty-tops-17700\/","title":{"rendered":"Sensex Nears 59,500; Nifty Tops 17,700"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Indian shares opened higher on Friday despite mixed global cues as upbeat U.S. data released overnight boosted expectations about Fed tapering. <\/p>\n<p>The benchmark 30-share BSE Sensex was up 358 points, or 0.6 percent, at 59,499 in early trade, while the broader NSE Nifty index edged up 85 points, or half a percent, to 17,714.<\/p>\n<p>Financials were in focus, with Bajaj Finance and Bajaj FinServ rallying 2-3 percent after the government stepped up the process of setting up the proposed bad bank.<br \/>ITC climbed 2.4 percent to extend recent gains. <\/p>\n<p>Biocon rose nearly 2 percent after its subsidiary Biologics Biologics announced a strategic alliance with Serum Institute Life Sciences.<\/p>\n<p>Hero MotoCorp gained half a percent on news it will hike prices of motorcycles and scooters with effect from September 20.<\/p>\n<p>TVS Motor Company advanced 1.7 percent after buying a Swiss e-bike company.<\/p>\n<p>Kotak Mahindra Bank added 1 percent. The group has acquired the vehicle financing loan portfolio of Volkswagen Finance Pvt Ltd.<\/p>\n<p>BHEL edged up slightly after successfully commissioning India&#8217;s largest floating solar plant in Andhra Pradesh. <\/p>\n<p>JSW Steel dropped 1.3 percent after raising $1 billion via a bonds issue in the offshore market. <\/p>\n<p>Intellect Design Arena rallied 3.3 percent after it signed a multiple-year digital transformation deal with Resurs Bank. <\/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 Nears 59,500; Nifty Tops 17,700<\/a><br \/>\n<br \/>2021-09-17 04:18:43<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian shares opened higher on Friday despite mixed global cues as upbeat U.S. data released overnight boosted expectations about Fed tapering. The benchmark 30-share BSE Sensex was up 358 points,&#8230;<\/p>\n","protected":false},"author":2,"featured_media":14023,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[],"class_list":{"0":"post-14022","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-asian-markets"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/14022","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=14022"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/14022\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/14023"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=14022"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=14022"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=14022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}