Sensex Rallies Over 300 Points in Early Trade; Nifty Tops 10,500
Get latest articles and stories on India at LatestLY. Market benchmark Sensex surged over 300 points in early trade on Thursday tracking advances in global equities as positive macroeconomic data flow and hopes of a COVID-19 vaccine boosted investor sentiment.
Mumbai, Jul 2: Market benchmark Sensex surged over 300 points in early trade on Thursday tracking advances in global equities as positive macroeconomic data flow and hopes of a COVID-19 vaccine boosted investor sentiment.
After touching a high of 35,724.32, the 30-share index was trading 249.01 points, or 0.70 per cent, higher at 35,663.46, while the NSE Nifty rose 76.50 points, or 0.73 per cent, to 10,506.55.
ONGC was the top gainer in the Sensex pack, surging around 4 per cent, followed by M&M, IndusInd Bank, HDFC Bank, SBI and Titan. On the other hand, Tech Mahindra and HUL were the laggards.
In the previous session, the BSE barometer settled 498.65 points, or 1.43 per cent, higher at 35,414.45, and the broader Nifty surged 127.95 points, or 1.24 per cent, to close at 10,430.05.
Foreign institutional investors were net sellers on Wednesday, offloading equities worth Rs 1,696.45 crore, provisional exchange data showed.
According to traders, domestic indices followed gains in global benchmarks amid positive factory output data across economies. Further, hopes for a vaccine strengthened after Germany's BioNTech and US pharmaceutical giant Pfizer reported positive preliminary results from a joint project.
Bourses in Shanghai, Hong Kong, Tokyo and Seoul were trading with significant gains. Stock exchanges on Wall Street too ended on a positive note in overnight session.
International oil benchmark Brent crude futures rose 0.12 per cent to USD 42.08 per barrel. PTI ANS DRR DRR 07020952 NNNNo also had little difficulty dealing with Julian Brandt's effort.
Raphaël Guerreiro thought he'd equalized in the 65th, when he finished off a counterattack with a volley past Kastenmeier. However, the goal was ruled out through VAR after he was adjudged to have controlled the ball with his arm.
Düsseldorf substitute Steven Skrzybski struck the post twice in the closing stages. But it was to be another substitute, the 19-year-old Haaland, who powered home a header from Manuel Akanji's cross in the 95th minute to ensure Lucien Favre's side qualified for next season's Champions League.
The Swiss coach appeared to injure himself in the celebrations.
RELEGATION BATTLE INTENSIFIES
Last-placed Paderborn was virtually relegated in a 5-1 defeat at home to Bremen, which moved just behind Düsseldorf on goal difference. Düsseldorf is third from bottom in the relegation playoff place. Paderborn has 20 points, while Bremen and Düsseldorf have 28. Union Berlin boosted its survival hopes beating Cologne 2-1.
“Soccer without fans is nothing,” read a banner behind one of the goals in Paderborn.
All Bundesliga games are being played without fans and amid strict hygiene measures since the league resumed on May 16 to reduce the threat of coronavirus infections.
HERTHA'S LUCK RUNS OUT
Hertha Berlin was to rue Dedryck Boyata's sending off before the break as Eintracht Frankfurt came from behind to win 4-1.
Boyata was sent off for bringing down Bad Dost just before the line. The defender was initially shown his second yellow card and Frankfurt awarded a penalty, but the decision was changed to a straight red and a free kick after a VAR consultation.
However, TV replays showed little if no contact.
Frankfurt's second goal in the 62nd was arguably the goal of the round. Japanese midfielder Daichi Kamada dribbled past three Hertha defnders and cut the ball back for André Silva to score with the back of his heel.
Perhaps inspired, Danny da Costa eluded four Hertha defenders before setting up Evan Ndicka for Frankfurt's third in the 69th. Silva wrapped it up in the 86th. Also, Freiburg came from behind to draw in Wolfsburg 2-2.
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