Opening Bell: Sensex at a new record high, Nifty gains 1%; Bajaj Finserv, IndusInd Bank, RIL top gainers

Energy, power, metal and oil stocks were among top picks on exchanges.

November 23, 2020 9:25 IST India Infoline News Service

Indian market opened on a bullish note on a broad-based positive Asian stocks market outside Japan's Nikkei, as Covid-19 vaccine drives investors sentiment. Sensex has clocked a new record high of 44,271.15 in the opening session, while Nifty 50 was eyeing 13,000-mark.

At around 09.21 am, Sensex was trading at 44,126.54 up 244.29 points or 0.56% and Nifty 50 was performing at 12,946.60 above 87.55 points or 0.68%.

Energy, power, metal and oil stocks were among top picks on exchanges.

BSE Energy surges 1.65%, while 1% gain each was recorded in BSE Metal, BSE Power and BSE Oil & Gas.

Top gainers on Sensex were - IndusInd Bank (+3.5%), Bajaj Finserv (+2.8%), Reliance Industries (+2.5%), NTPC (+1.58%) and Bajaj Finance (+1.54%).

Top underperforming stocks on the 30-scrip index were - Bharti Airtel (-1.2%), M&M (-1%), HDFC (-0.98%), Asian Paint (-0.74%) and Axis Bank (-0.45%).

Stocks that will remain in focus today are - BEML, Motherson Sumi, JSPL, Midhani, TCS, HDFC Bank, Bharat Dynamics, RIL, Future Groups stocks, banking stocks and Bharti Airtel.

China's Shanghai SE Composite Index surged by nearly 1%, Australia ASX All Ordinaries and Taiwan TSEC 50 Index also records near 1% gain. Meanwhile, South Korea's KOSPI index jumped by nearly 2%. However, Hong Kong's Hang Seng was trading on a subdued level.

Japan's Nikkei 225 currently plunged over 100 points or 0.42%. 

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