Sensex ends over 150 points higher to close at 35,930, Nifty up 54 points; Yes Bank shares slump 6%

The BSE Sensex climbed 150.57 points, or 0.42 percent, to end at 35,929.64, while the broader NSE Nifty rose 53.95 points, or 0.50 percent, to 10,791.55.

Press Trust of India December 13, 2018 17:20:22 IST
Sensex ends over 150 points higher to close at 35,930, Nifty up 54 points; Yes Bank shares slump 6%

Mumbai: Benchmark indices rose for the third straight session on Thursday led by a surge in financial stocks as optimism over new RBI Governor Shaktikanta Das' promise to take all stakeholders along on key issues enthused bulls on Dalal Street.

Recovery in rupee and positive cues from other Asian markets too influenced investor sentiment here, analysts said.

The BSE Sensex climbed 150.57 points, or 0.42 percent, to end at 35,929.64, while the broader NSE Nifty rose 53.95 points, or 0.50 percent, to 10,791.55.

Major gainers in the Sensex pack were Wipro, Kotak Bank, Infosys, Maruti, Tata Motors, L&T, IndusInd Bank, Hero MotoCorp, M&M, SBI, ONGC, HDFC Bank and HUL, rising up to 3 percent.

Sensex ends over 150 points higher to close at 35930 Nifty up 54 points Yes Bank shares slump 6

Representational image. Reuters.

Yes Bank, on the other hand, was the biggest loser, falling over 6 percent after its board meet concluded. The bank said it has finalised a candidate for the chairman's position and would be seeking approval from the RBI. The bank, however, did not disclose the candidate's name.

Other losers include Sun Pharma, TCS, Tata Steel, Adani Ports and Coal India, falling up to 2 percent.

"In anticipation of some firm measures to ease the credit squeeze by the new RBI Governor post his meeting with PSU bank chiefs today, markets rallied in the morning but cooled off in the second half on some profit booking," said Essel Mutual Fund CIO Viral Berawala.

"Stocks with rural focus also gained momentum on expectations of some pro-rural announcements by the Central government," Berawala added.

The rupee, meanwhile, rose 35 paise to 71.66 against the US dollar in intra-day trade.

On a net basis, foreign portfolio investors (FPIs) sold shares worth Rs 1,299.43 crore Wednesday, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 1,121.29 crore, provisional data available with BSE showed.

Brent crude oil futures were trading flat at $60.15 per barrel.

Elsewhere in Asia, Korea's Kospi rose 0.62 percent, Japan's Nikkei gained 0.99 percent, Hong Kong's Hang Seng surged 1.29 percent and the Shanghai Composite Index advanced 1.23 percent.

In Europe, Frankfurt's DAX fell 0.31 percent and Paris' CAC 40 shed 0.30 percent in their early deals. London's FTSE too slipped 0.02 percent.

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