{"id":16596,"date":"2021-12-01T04:28:35","date_gmt":"2021-12-01T04:28:35","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/12\/01\/sensex-nifty-rally-on-economic-optimism\/"},"modified":"2021-12-01T04:28:35","modified_gmt":"2021-12-01T04:28:35","slug":"sensex-nifty-rally-on-economic-optimism","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/12\/01\/sensex-nifty-rally-on-economic-optimism\/","title":{"rendered":"Sensex, Nifty Rally On Economic Optimism"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Indian shares opened on a positive note Wednesday as the latest GDP, core sector output and fiscal deficit data affirmed that the Indian <span class=\"landLinks\">economy<\/span> is on continuous mend.<\/p>\n<p>The benchmark S&amp;P BSE Sensex jumped 550 points, or 1 percent, to 57,614 in early trade, while the broader NSE Nifty index was up 163 points, or 1 percent, at 17,147.<\/p>\n<p>Among the top gainers, Hindalco, Tech Mahindra, HDFC, IndusInd Bank and Eicher Motors climbed 2-4 percent. <\/p>\n<p>Yes Bank fell 1.2 percent. The Supreme Court has set aside a Noida police directive that barred the bank from exercising its rights over the shares it owns in Dish TV India.<\/p>\n<p>Coal India rose about 1 percent after it announced plans to invest Rs 19,650 crore to augment coal evacuation capacity through rail mode.<\/p>\n<p>Maruti Suzuki India gained 1.3 percent. The car maker is expecting an adverse impact on vehicle production in December at its plants in both Haryana and Gujarat.<\/p>\n<p>NTPC was marginally higher. The company said that 250-MW unit-4 of its Nabinagar power plant will begin commercial from Wednesday midnight. <\/p>\n<p>Rail Vikas Nigam jumped 3 percent after in signed a pact for development of railway corridor projects in Kyrgyz Republic specially to connect from Bishkek to Karakechenskoye.<\/p>\n<p>NMDC rose about 1 percent after cutting lump ore prices.<\/p>\n<p>Zomato was little changed after it launched &#8216;Zomato Wings&#8217;, a platform to connect investors with restaurants, to help them raise funds. <\/p>\n<p>Sun Pharmaceutical Industries dropped half a percent. The drug major said its arm DUSA Pharmaceuticals Inc has reached settlement with Biofrontera to resolve a litigation over misappropriation of trade secrets and unfair practice. <\/p>\n<\/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, Nifty Rally On Economic Optimism<\/a><br \/>\n<br \/>2021-12-01 04:28:35<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian shares opened on a positive note Wednesday as the latest GDP, core sector output and fiscal deficit data affirmed that the Indian economy is on continuous mend. The benchmark&#8230;<\/p>\n","protected":false},"author":2,"featured_media":16597,"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-16596","post","type-post","status-publish","format-standard","has-post-thumbnail","category-asian-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/16596","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=16596"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/16596\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/16597"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=16596"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=16596"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=16596"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}