Share Market Update: Sensex rallies 490 pts, Nifty reclaims 11,700 mark; bank, IT stocks top gainers

Getting over its three-session losing streak, domestic benchmark indices on Wednesday closed at day’s high led by the gains in financial and IT stocks.

Out of the total 30 components, 23 scrips ended in the green and the remaining seven in the red. (Image: Getty)

Sensex ended the day at 39,055, up 490 points

NSE Nifty too climbed 150.20 points, or 1.30 per cent, to close at 11,726.15

Out of the total 30 components, 23 scrips ended in the green

Share Market Update: Getting over its three-session losing streak, domestic benchmark indices on Wednesday closed at day’s high led by the gains in financial and IT stocks. Benchmark BSE Sensex rallied 490 points as investors piled into index heavyweights Reliance Industries, HDFC duo, Infosys, ITC and ICICI Bank. Sensex ended the day at 39,055, up 490 points, or 1.27 per cent. Stocks of companies including HCL Tech, ONGC, IndusInd Bank, YES Bank and Bharti Airtel ended in green. Out of the total 30 components, 23 scrips ended in the green and the remaining seven in the red. Likewise, the broader NSE Nifty too climbed 150.20 points, or 1.30 per cent, to close at 11,726.15. It hit an intra-day high of 11,740.85. According to reports, around 1,232 shares went up while 1,237 shares came down and 157 shares remained unchanged. Shares of Tata Motors, Hero MotoCorp, Coal India, PowerGrid, Maruti, Axis Bank and NTPC fell up to 3.33 per cent. According to traders, market sentiment turned positive as investors took positive cues from US equities and easing crude oil prices. Brent crude futures, the global oil benchmark, slipped 0.08 per cent to USD 74.45 per barrel. Only Nifty Auto, among the sectoral indices, ended in red while the Nifty PSU Bank index being the biggest gainer which went up by 1.5 per cent. On the Wall Street, the S&P 500 and Nasdaq indices ended at record highs on Tuesday amid a slew of better-than-expected earnings reports. Elsewhere in Asia, benchmark equity indices in Shanghai, Tokyo and Seoul ended in the red. European equities started off on a mixed note. Meanwhile, foreign institutional investors (FIIs) sold equity worth Rs 237.47 crore on Tuesday, while domestic institutional investors (DIIs) purchased shares to the tune of Rs 198.35 crore, provisional data available with stock exchanges showed, news agency PTI reported. The rupee, however, depreciated 21 paise to 69.83 against the US dollar in early trade.

Published at : 24 Apr 2019 04:40 PM (IST)

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