Sensex rebounds 337 points; Nifty ends at 10,946
Highlights
- The 30-share BSE index ended 337.35 points or 0.92 per cent higher at 36,981.77
- The broader NSE Nifty closed 98.30 points or 0.91 per cent up at 10,946.20
(Representative image) NEW DELHI: Equity indices on Monday finished in green with the benchmark BSE sensex rising over 300 points, amid positive cues from global markets and easing US-China trade tensions.
The 30-share index ended 337.35 points or 0.92 per cent higher at 36,981.77. While, the broader NSE Nifty closed 98.30 points or 0.91 per cent up at 10,946.20.
Tech Mahindra, Maruti, Axis Bank, Tata Steel, NTPC, Bajaj Auto and Tata Motors were the top gainers in the sensex pack with their shares rising as much as 3.85 per cent. 23 out of 30 stocks ended in green.
While, Yes Bank, Sun Pharma, HCL Tech and TCS were the major losers with their stocks down up to 2.42 per cent.
On the NSE platform, sub-indices Nifty Auto, Metal, Private Bank gained the most with their shares rising up to 2.61 per cent. Whereas, sub-indices Nifty Realty, FMCG and Pharma were the only losers -- with their shares down as much as 0.66 per cent.
According to experts, regular news flow from the RBI and the finance ministry have helped to stabilise equity markets lately.
Investors were further calmed by news of upcoming resumption of talks between China and the US, they added.
“Foreign investors are still net sellers in the market due to the slowdown,” Anita Gandhi, whole-time director at Arihant Capital Markets told news agency Reuters, adding that markets are still awaiting measures from the government to stimulate the economy.
“There is intent on the government’s part, but we are yet to see an announcement to boost the economy, after which we may see a let up in the stock market,” she added.
Meanwhile, foreign portfolio investors (FPIs) sold shares worth a net of Rs 561.17 crore, while domestic institutional investors purchased shares worth Rs 699.31 crore on Thursday, provisional data showed.
(With agency inputs)
The 30-share index ended 337.35 points or 0.92 per cent higher at 36,981.77. While, the broader NSE Nifty closed 98.30 points or 0.91 per cent up at 10,946.20.
Tech Mahindra, Maruti, Axis Bank, Tata Steel, NTPC, Bajaj Auto and Tata Motors were the top gainers in the sensex pack with their shares rising as much as 3.85 per cent. 23 out of 30 stocks ended in green.
While, Yes Bank, Sun Pharma, HCL Tech and TCS were the major losers with their stocks down up to 2.42 per cent.
On the NSE platform, sub-indices Nifty Auto, Metal, Private Bank gained the most with their shares rising up to 2.61 per cent. Whereas, sub-indices Nifty Realty, FMCG and Pharma were the only losers -- with their shares down as much as 0.66 per cent.
According to experts, regular news flow from the RBI and the finance ministry have helped to stabilise equity markets lately.
Investors were further calmed by news of upcoming resumption of talks between China and the US, they added.
“Foreign investors are still net sellers in the market due to the slowdown,” Anita Gandhi, whole-time director at Arihant Capital Markets told news agency Reuters, adding that markets are still awaiting measures from the government to stimulate the economy.
“There is intent on the government’s part, but we are yet to see an announcement to boost the economy, after which we may see a let up in the stock market,” she added.
Meanwhile, foreign portfolio investors (FPIs) sold shares worth a net of Rs 561.17 crore, while domestic institutional investors purchased shares worth Rs 699.31 crore on Thursday, provisional data showed.
(With agency inputs)
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