MUMBAI: Rising for the second straight day, the BSE sensex vaulted over 127 issues whilst the NSE Nifty completed above the 11,600-mark on Friday on heavy buying in auto and steel stocks amid chronic foreign fund inflows and sure world leads.
The 30-share sensex began off on a robust footing at 38,675 issues and touched a high of 38,748.54 ahead of winding up at 38,672.91, recording a rise of 127.19, or 0.33 in step with cent.
The 50-share NSE Nifty closed at 11,623.90, upper by 53.90 issues, or 0.47 in step with cent, after soaring between 11,630.35 and 11,570.15.
In the sensex pack, Vedanta rallied 3.20 in step with cent, followed by Tata Steel, M&M, Tata Motors, ONGC, Hindustan Unilever, Maruti, Hero MotoCorp, HDFC, Bajaj Finance, SBI, HDFC Bank, HCL Tech, Coal India, Sun Pharma, Infosys, Reliance and Bharti Airtel, rising up to 2.69 in step with cent.
On the other hand, IndusInd Bank emerged as the top loser, losing 2.08 in step with cent.
Other primary laggards were ITC, Bajaj Auto, ICICI Bank, Axis Bank, Asian Paints, PowerGrid, NTPC, Kotak Bank and L&T, shedding up to 1.10 in step with cent.
Experts attributed the ongoing market rally to tough investor sentiment pushed by sustained foreign fund inflows, more potent rupee, and a likely sure end result of the US-China trade talks.
Trade talks with China are progressing "very well", US president Donald Trump mentioned, as best negotiators from the 2 nations on Thursday began every other spherical of conferences to get to the bottom of their tariff war.
The Indian rupee on Friday appreciated by 13 paise to 69.17 towards the USA greenback intra-day.
Meanwhile, foreign institutional traders (FIIs) purchased stocks value a net of Rs 3,594.51 crore on Thursday, provisional information to be had with BSE confirmed.
Elsewhere in Asia, Hong Kong's Hang Seng rose 0.96 in step with cent, Shanghai Composite Index soared 3.20 in step with cent, Korea's Kospi won 0.59 in step with cent, and Japan's Nikkei ended 0.82 in step with cent upper.
In the Eurozone, Frankfurt's DAX won 0.37 in step with cent, Paris CAC 40 rose 0.61 in step with cent and London's FTSE was up 0.58 in step with cent in early offers.
Global oil benchmark Brent crude futures rose 0.44 in step with cent to $68.12 in step with barrel.
The 30-share sensex began off on a robust footing at 38,675 issues and touched a high of 38,748.54 ahead of winding up at 38,672.91, recording a rise of 127.19, or 0.33 in step with cent.
The 50-share NSE Nifty closed at 11,623.90, upper by 53.90 issues, or 0.47 in step with cent, after soaring between 11,630.35 and 11,570.15.
In the sensex pack, Vedanta rallied 3.20 in step with cent, followed by Tata Steel, M&M, Tata Motors, ONGC, Hindustan Unilever, Maruti, Hero MotoCorp, HDFC, Bajaj Finance, SBI, HDFC Bank, HCL Tech, Coal India, Sun Pharma, Infosys, Reliance and Bharti Airtel, rising up to 2.69 in step with cent.
On the other hand, IndusInd Bank emerged as the top loser, losing 2.08 in step with cent.
Other primary laggards were ITC, Bajaj Auto, ICICI Bank, Axis Bank, Asian Paints, PowerGrid, NTPC, Kotak Bank and L&T, shedding up to 1.10 in step with cent.
Experts attributed the ongoing market rally to tough investor sentiment pushed by sustained foreign fund inflows, more potent rupee, and a likely sure end result of the US-China trade talks.
Trade talks with China are progressing "very well", US president Donald Trump mentioned, as best negotiators from the 2 nations on Thursday began every other spherical of conferences to get to the bottom of their tariff war.
The Indian rupee on Friday appreciated by 13 paise to 69.17 towards the USA greenback intra-day.
Meanwhile, foreign institutional traders (FIIs) purchased stocks value a net of Rs 3,594.51 crore on Thursday, provisional information to be had with BSE confirmed.
Elsewhere in Asia, Hong Kong's Hang Seng rose 0.96 in step with cent, Shanghai Composite Index soared 3.20 in step with cent, Korea's Kospi won 0.59 in step with cent, and Japan's Nikkei ended 0.82 in step with cent upper.
In the Eurozone, Frankfurt's DAX won 0.37 in step with cent, Paris CAC 40 rose 0.61 in step with cent and London's FTSE was up 0.58 in step with cent in early offers.
Global oil benchmark Brent crude futures rose 0.44 in step with cent to $68.12 in step with barrel.
Sensex climbs 127 points; Nifty settles above 11,600
![Sensex climbs 127 points; Nifty settles above 11,600]()
Reviewed by Kailash
on
March 30, 2019
Rating:
