Sensex spurts 264 points to close at 37,333, Nifty rises 75 points; Yes Bank, Sun Pharma, IndusInd among top gainers

Equity benchmark BSE Sensex advanced 264 points on Friday, propelled by gains in index heavyweights HDFC, ICICI Bank, HUL and ITC amid positive cues from the global markets

Press Trust of India August 30, 2019 16:22:28 IST
Sensex spurts 264 points to close at 37,333, Nifty rises 75 points; Yes Bank, Sun Pharma, IndusInd among top gainers
  • After gyrating 568 points during the day, the 30-share Sensex ended 263.86 points, or 0.71 percent, higher at 37,332.79

  • It hit an intra-day high of 37,397.97 and a low of 36,829.81

  • Similarly, the broader NSE Nifty rose 74.95 points, or 0.68 percent, to close at 11,023.25

Mumbai: Equity benchmark BSE Sensex advanced 264 points on Friday, propelled by gains in index heavyweights HDFC, ICICI Bank, HUL and ITC amid positive cues from the global markets.

After gyrating 568 points during the day, the 30-share Sensex ended 263.86 points, or 0.71 percent, higher at 37,332.79. It hit an intra-day high of 37,397.97 and a low of 36,829.81.

Similarly, the broader NSE Nifty rose 74.95 points, or 0.68 percent, to close at 11,023.25.

Top gainers in the Sensex pack included Yes Bank, Sun Pharma, IndusInd Bank, Tata Steel, HUL, Vedanta, Tata Motors, ICICI Bank, ITC, HDFC and Bajaj Auto, that rose up to 3.75 percent.

Sensex spurts 264 points to close at 37333 Nifty rises 75 points Yes Bank Sun Pharma IndusInd among top gainers

Representative image. Reuters

On the other hand, PowerGrid, ONGC, HCL Tech, Kotak Bank, L&T, NTPC, SBI and Asian Paints fell up to 2.12 percent.

According to Sanjeev Zarbade, VP PCG Research, Kotak Securities, the market turned somewhat hopeful on incremental policy support from the government and as stakeholders kindled new hope in de-escalating US-China trade tensions.

Investors were also awaiting the official estimate of GDP growth for Q1 FY20.

Meanwhile, the Reserve Bank of India on Thursday played down deepening slowdown as just "soft patch mutating into a cyclical downswing".

In the annual report for FY19, the central bank conceded that diagnosing the exact problems was "difficult", but reiterated that the issues were not structural in nature.

Market sentiment also turned positive tracking firm cues from global markets, traders said.

Elsewhere in Asia, Hang Seng, Kospi and Nikkei settled on a positive note, while the Shanghai Composite Index ended marginally lower.

Equities in Europe were trading higher in their respective early sessions.

Meanwhile, the Indian rupee appreciated 25 paise to 71.55 against the US dollar intra-day.

Brent crude futures, the global oil benchmark, slipped 0.17 percent to $60.39 per barrel.

Updated Date:

also read

Market Roundup : Sensex rises by 619 points, Nifty ends at 17,166; check top winners and losers here
Business

Market Roundup : Sensex rises by 619 points, Nifty ends at 17,166; check top winners and losers here

In terms of sectoral indices, expect pharma and consumer durables, all sectors ended in green. BSE midcap rose by 1.00 percent to 24,934.68 and BSE Smallcap ended 0.27 percent higher at 28,013.77

Market Roundup: Sensex rises by 153 points, Nifty ends at 17,053; check top winners and losers here
Business

Market Roundup: Sensex rises by 153 points, Nifty ends at 17,053; check top winners and losers here

India VIX closed at 20.83 points. BSE Midcap fell by 0.93 percent to 24,615.79 while BSE Smallcap fell by 1.93 percent to 27,538.93

Market Roundup: Sensex plunges 1687 points, Nifty ends at 17,026; check top winners and losers here
Business

Market Roundup: Sensex plunges 1687 points, Nifty ends at 17,026; check top winners and losers here

In terms of sectoral indices, auto, media and metal incurred losses of over 3 percent, while pharma rose by 1.70 percent. India VIX rose by 24.84 percent to jump to 20.80 levels. BSE Midcap fell by 3.23 percent to 24,846.51 while BSE Smallcap declined by 2.61 percent to 24,846.51