Share Market Update: Ahead of last phase elections, Sensex soars 537 points; Nifty reclaims 11,400 mark

Domestic benchmark indices BSE Sensex and NSE Nifty 50 on Friday extended gains for the second consecutive day by rallying over 1 per cent ahead of last phase of Lok Sabha Elections 2019.

By : ABP News Bureau | Updated at : 17 May 2019 05:26 PM (IST)

Share Market Update- Ahead of last phase elections, Sensex soars 537 points, Nifty reclaims 11,400 mark Share Market Update: Ahead of last phase elections, Sensex soars 537 points; Nifty reclaims 11,400 mark

Market was led by banking and auto stocks ahead of exit poll results, despite global headwinds. (File Photo/ Getty)

BSE Sensex and NSE Nifty 50 on Friday extended gains for the second consecutive day

30-share BSE benchmark closed 537.29 points, or 1.44 per cent, higher at 37,930.77

Broader Nifty rose 150.05 points, or 1.33 per cent, to settle at 11,407.15

Share Market Update: Domestic benchmark indices BSE Sensex and NSE Nifty 50 on Friday extended gains for the second consecutive day by rallying over 1 per cent ahead of last phase of Lok Sabha Elections 2019 on Sunday. According to reports, BSE Sensex jumped 537 points and the NSE Nifty reclaimed the 11,400 level in a broad-based rally led by banking and auto stocks ahead of exit poll results, despite global headwinds. The 30-share BSE benchmark closed 537.29 points, or 1.44 per cent, higher at 37,930.77. It hit an intra-day high of 38,001.13 and a low of 37,415.36. Similarly, the broader Nifty rose 150.05 points, or 1.33 per cent, to settle at 11,407.15. During the day, it hit a high of 11,426.15 and a low of 11,259.85. In the Sensex pack, Bajaj Finance and Bajaj Auto ended up to 6.09 per cent higher after posting strong quarterly numbers. Hero MotoCorp, Maruti, Kotak Bank, HDFC, HUL, M&M, HDFC Bank, ITC, ICICI Bank, Axis Bank, Coal India, SBI, IndusInd Bank and Asian Paints were also among the top gainers, rising up to 4.26 per cent. On the other hand, Yes Bank, Vedanta, Infosys, HCL Tech, Sun Pharma, TCS and NTPC ended up to 2.36 per cent lower. Investors lapped up banking and auto stocks, boosting key indices, ahead of the exit poll results scheduled for Sunday. Broader indices followed the benchmarks, with the BSE mid-cap and small-cap indices settling in the green. The Indian currency, however, tumbled by 16 paise to 70.20 against the US dollar intra-day. Global oil benchmark Brent crude was trading 0.26 per cent higher at USD 72.81 per barrel. Reports also suggest that shares of oil marketers Indian Oil Corp Ltd, Hindustan Petroleum Corp Ltd and Bharat Petroleum Corp Ltd felt between 2 per cent and 2.5 per cent. Oil prices climb for a fourth day, as rising tensions in the Middle East stoked fears of supply disruptions.

Published at : 17 May 2019 05:26 PM (IST)

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Share Market Update Nifty Sensex