Sensex soars 537 points; Nifty reclaims 11,400-mark

Sensex soars 537 points; Nifty reclaims ...

The BSE Sensex soared 537 points and the NSE Nifty reclaimed the 11,400 level on Friday 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.

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. While Japanese stocks ended higher, bourses in China and Korea ended in the red amid the US-China trade conflict. European equities too opened significantly lower.

The Indian rupee depreciated 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. 


PostedOn: 17 May 2019 Total Views: 121




RBI cuts key rate by 25 bps, changes neu...

RBI cuts key rate by 25 bps, changes neutral stanc...

The Reserve Bank of India (RBI) cutkey lending rates by another 25 basis points to 5.75 per cent on Thursday. In the second bi-monthly monetary policy of 2019-20 under Governor Shaktikanta Das, the six-member Monetary Policy Committee voted 4:2 in favour of the rate cut. The Monetary Policy Committe...

06 Jun 2019

India projected to grow at 7.5 per cent ...

India projected to grow at 7.5 per cent for three ...

India's economy is projected to grow at 7.5 per cent in the next three years, supported by robust investment and private consumption, the World Bank has forecast, in some good news to the new Indian government. The bank in its Global Economic Prospects relea-sed on Tuesday said India is estimated to...

06 Jun 2019

BPCL, HPCL take 25 pc stake each in IOC'...

BPCL, HPCL take 25 pc stake each in IOC's Rs 9,000...

Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) have joined in the country's longest LPG pipeline project being laid by state-owned Indian OilCorporation(IOC) to cater to cooking fuel needs of a fourth of the country's population. BPCL and HPCL will take 25 per cent stake ea...

04 Jun 2019

Sensex jumps over 100 points; Nifty near...

Sensex jumps over 100 points; Nifty nears 11,900

The benchmark BSE Sensex jumped over 100 points in early trade on Monday driven by gains in banking stocks amid unabated foreign fund inflow. The 30-share index was trading 128.27 points, or 0.33 per cent, higher at 39,562.99. Similarly, the broader NSE Nifty spurted 28.75 points, or 0.24 per cent, ...

27 May 2019

Indices come down from record highs; Sen...

Indices come down from record highs; Sensex slumps...

Benchmark indices took U-turn from record high levels touched during early trade on Tuesday, with the BSE Sensex tripping nearly 383 points and the NSE Nifty shedding over 119 points as investors hurried up to book profits. An intense selling was seen, barring initial hours, across sectors after mar...

21 May 2019

Sensex vaults 1,422 points as exit polls...

Sensex vaults 1,422 points as exit polls forecast ...

Benchmark Sensex zoomed over 1,422 points and the NSE Nifty surged 421 points on Monday after most exit polls showed that the Narendra Modi-led NDA is returning to power with a thumping majority in the Lok Sabha elections. The 30-share index ended 1,421.90 points, or 3.75 per cent, higher at 39,352....

20 May 2019

Sensex jumps over 800 points as exit pol...

Sensex jumps over 800 points as exit polls suggest...

The exit poll results, which have showed a winning of BJP-led NDA in the 17thLok Sabha elections, are expected to have positive impact on the Stock market. Exit poll trends will set the tone for the equity markets in the initial part of the week, while the final outcome of the general elections on M...

20 May 2019