Sensex rises 169 points, Nifty above 11,900-mark ahead of macro data; Tata Motors rallies 7%, Yes Bank up 6%

After rallying over 300 points, the 30-share BSE Sensex ended 169.14 points, or 0.42 percent, higher at 40,581.71.

Press Trust of India December 12, 2019 16:54:23 IST
Sensex rises 169 points, Nifty above 11,900-mark ahead of macro data; Tata Motors rallies 7%, Yes Bank up 6%
  • Similarly, the broader NSE Nifty settled 61.65 points, or 0.52 percent, higher at 11,971.80

  • According to traders, domestic investors following cues from global markets which advanced on the US Federal Reserve's dovish outlook

  • Investors are also awaiting factory output data scheduled to be released later in the day, traders said

Mumbai: Market benchmark Sensex on Thursday rose by 169 points on the back of gains in index heavyweights HDFC Bank, Kotak Bank and SBI amid positive cues from global equities.

After rallying over 300 points, the 30-share BSE Sensex ended 169.14 points, or 0.42 percent, higher at 40,581.71.

Similarly, the broader NSE Nifty settled 61.65 points, or 0.52 percent, higher at 11,971.80.

Sensex rises 169 points Nifty above 11900mark ahead of macro data Tata Motors rallies 7 Yes Bank up 6

Representational image. Reuters.

Tata Motors was the top gainer in the Sensex pack, rallying 7.17 percent, followed by Yes Bank 5.96 percent, Vedanta 3.68 percent, Tata Steel 3.29 percent, SBI 2.91 percent and Kotak Bank 1.76 percent.

On the other hand, Infosys fell 2.63 percent, ONGC 1.68 percent, HCL Tech 1.51 percent, TCS 1.20 percent and Bharti Airtel 0.95 percent.

According to traders, domestic investors following cues from global markets which advanced on the US Federal Reserve's dovish outlook.

The Federal Reserve made no change in interest rates in an effort to maintain economic growth. Fed chief Jerome Powell said the US outlook "remains favourable despite global developments and ongoing risks" as he described the grinding US-China trade war as a drag on global growth.

Investors are also awaiting factory output data scheduled to be released later in the day, traders said.

Bourses in Hong Kong, Seoul and Tokyo ended on a positive note, Shanghai slipped into the red.

Stocks in Europe were also trading higher.

On the currency front, the rupee appreciated 21 paise against the US dollar to 70.63 (intra-day).

Brent futures, the global oil benchmark, rose 0.74 percent to $64.19 per barrel.

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