Sensex soars 537 points to close at 37,931, Nifty reclaims 11,400-mark; banking, auto stocks lead rally

The BSE Sensex soared 537 points and the NSE Nifty reclaimed the 11,400 level on Friday in a broad-based rally led by banking and auto stocks ahead of exit poll results, despite global headwinds

Press Trust of India May 17, 2019 16:13:56 IST
Sensex soars 537 points to close at 37,931, Nifty reclaims 11,400-mark; banking, auto stocks lead rally
  • In the Sensex pack, Bajaj Finance and Bajaj Auto ended up to 6.09 percent higher after posting strong quarterly numbers

  • Investors lapped up banking and auto stocks, boosting key indices, ahead of the exit poll results scheduled for Sunday

  • Broader indices followed the benchmarks, with the BSE mid-cap and small-cap indices settling in the green

Mumbai: The BSE Sensex soared 537 points and the NSE Nifty reclaimed the 11,400 level on Friday in a broad-based rally led by banking and auto stocks ahead of exit poll results, despite global headwinds.

The 30-share BSE benchmark closed 537.29 points, or 1.44 percent, higher at 37,930.77. It hit an intra-day high of 38,001.13 and a low of 37,415.36.

Similarly, the broader Nifty rose 150.05 points, or 1.33 percent, to settle at 11,407.15. During the day, it hit a high of 11,426.15 and a low of 11,259.85.

In the Sensex pack, Bajaj Finance and Bajaj Auto ended up to 6.09 percent higher after posting strong quarterly numbers.

Sensex soars 537 points to close at 37931 Nifty reclaims 11400mark banking auto stocks lead rally

Representational image. Reuters.

Hero MotoCorp, Maruti, Kotak Bank, HDFC, HUL, M&M, HDFC Bank, ITC, ICICI Bank, Axis Bank, Coal India, SBI, IndusInd Bank and Asian Paints were also among the top gainers, rising up to 4.26 percent.

On the other hand, Yes Bank, Vedanta, Infosys, HCL Tech, Sun Pharma, TCS and NTPC ended up to 2.36 percent lower.

Investors lapped up banking and auto stocks, boosting key indices, ahead of the exit poll results scheduled for Sunday.

Broader indices followed the benchmarks, with the BSE mid-cap and small-cap indices settling in the green.

While Japanese stocks ended higher, bourses in China and Korea ended in the red amid the US-China trade conflict. European equities too opened significantly lower.

The Indian rupee depreciated by 16 paise to 70.20 against the US dollar intra-day.

Global oil benchmark Brent crude was trading 0.26 percent higher at $72.81 per barrel.

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