Sensex furthers gains for third session on robust global cues, strong buying in banking, metal and energy stocks

Mumbai: Rising for a third straight session, the BSE benchmark Sensex Tuesday added another 166 points on the back of strong buying in banking, metal and energy stocks amid positive global cues.

After rallying nearly 300 points during the day, the BSE gauge settled 165.94 points, or 0.42 percent, higher at 39,950.46. The index hit an intra-day high of 40,066.31 and a low of 40,066.31.

Similarly, the broader NSE Nifty rose 42.90 points, or 0.36 percent, to settle at 11,965.60. During the day, the index touched a high of 12,000.35 and a low of 11,904.35.

Top gainers in the Sensex pack were Tata Motors, ONGC, Yes Bank, IndusInd Bank and Vedanta -- rising up to 2.71 percent.

 Sensex furthers gains for third session on robust global cues, strong buying in banking, metal and energy stocks

Representative image. Reuters

On the other hand, Sun Pharma, M&M, L&T, Coal India and HUL fell up to 3 percent.

Sectorally, metal, oil and gas and banking indices rose as much as 1.33 percent.

Markets traded on a positive note following favourable global cues in Asian markets as sentiments turned upbeat after the US announced deal with Mexico and investors turned hopeful of further progress on US-China trade talks, said Narendra Solanki, Head Fundamental Research (Investment Services) - AVP Equity Research, Anand Rathi Shares and Stock Brokers.

In Asia, Shanghai Composite Index rallied 2.58 percent, Hang Seng ended 0.76 percent higher, Nikkei rose 0.33 percent and Kospi gained 0.59 percent.

Bourses in Europe were also trading higher in their early deals.

On the currency front, the Indian rupee appreciated 21 paise to 69.44 against the US dollar.

Brent crude futures, the global oil benchmark, fell marginally to $62.24 per barrel.

Your guide to the latest cricket World Cup stories, analysis, reports, opinions, live updates and scores on https://www.firstpost.com/firstcricket/series/icc-cricket-world-cup-2019.html. Follow us on Twitter and Instagram or like our Facebook page for updates throughout the ongoing event in England and Wales.

Updated Date: Jun 11, 2019 16:31:29 IST