Sensex soars 416 points to 35,322, Nifty ends May F&O expiry above 10,700; GDP data eyed

The 50-issue NSE Nifty ended at 10,736.15, up 121.80 points, or 1.15 percent, after shuttling between 10,763.80 and 10,620.40.

PTI May 31, 2018 16:37:59 IST
Sensex soars 416 points to 35,322, Nifty ends May F&O expiry above 10,700; GDP data eyed

Mumbai: The BSE Sensex rebounded by over 416 points today to end at a two-week high of 35,322.38 on a flurry of buying in banking, energy and IT stocks amid a firming trend overseas.

Covering-up of pending short positions on expiry of the May derivatives contracts and optimistic buying by participants ahead of GDP data added to the momentum, brokers said.

The BSE 30-share Sensex took off on a positive note at 35,083.81 and stayed in the green on widespread buying to hit a high of 35,416.03. It finally ended at 35,322.38, up 416.27 points, or 1.19 percent. This is its biggest single session gain since 5 April, when it had surged 577.73 points. The gauge had lost 259.37 points in the past two sessions.

The 50-issue NSE Nifty ended at 10,736.15, up 121.80 points, or 1.15 percent, after shuttling between 10,763.80 and 10,620.40.

Sensex soars 416 points to 35322 Nifty ends May FO expiry above 10700 GDP data eyed

Stock brokers. Representational image. Reuters.

Domestic institutional investors (DIIs) bought shares worth Rs 492.46 crore, while foreign portfolio investors (FPIs) sold to the tune of Rs 1,286.91 crore yesterday, provisional data showed.

Meanwhile, the MET department yesterday said the entire country is likely to get normal monsoon this year, except the east and northeast India, which is likely to witness "below normal" rainfall.

Updated Date:

also read

Market roundup: Sensex falls by 524 points, Nifty ends at 17,396; top gainers and losers
Business

Market roundup: Sensex falls by 524 points, Nifty ends at 17,396; top gainers and losers

Sensex fell by 524.96 points to end at 58,490.93 while Nifty ended at a loss of 188.25 points at 17,396.90.

Market roundup: Sensex falls by 125 points, Nifty ends at 17,585; today's top gainers and losers
Business

Market roundup: Sensex falls by 125 points, Nifty ends at 17,585; today's top gainers and losers

The top gainers of BSE Sensex were Kotak Bank, HDFC Bank, Bharti Airtel, Maruti, and Nestle India. The biggest losers were Tata Steel, SBI, TCS, Hindustan Unilever, and Reliance

Market Roundup: Sensex crosses 59,100 mark, Nifty ends at 17,629; today's top gainers and losers
Business

Market Roundup: Sensex crosses 59,100 mark, Nifty ends at 17,629; today's top gainers and losers

While the Sensex gained 417.96 points to end at 59,141.16, Nifty went up by 110.05 points to end at 17,629.50.