Sensex bounces 192 pts; RIL surges 4 pc

Mumbai, Jan 21 The BSE benchmark Sensex proceeded with its winning run for the fifth straight session Monday, rallying 192, and the NSE Nifty inched toward the 11,000 check, riding on more grounded than-anticipated Q3 income by some bluechip organizations, combined with positive global cues.

Sensex went past the 36,700-mark to scale a high of 36,701.03 (intra-day) on the back of widespread gains.

At long last, the 30-share record settled at 36,578.96, up 192.35 poiints, or 0.53 percent. It contacted a low of 36,351.77. The check had risen 533.05 points in the past four sessions.

The Nifty touched the session high (intra-day) of 10,987.45; lastly shut the session with a rise of 54.90 points, or 0.50 percent, at 10,961.85.

Both benchmark indices were driven by solid gains in IT, teck, oil and gas, pharma and banking shares amid earnings optimism.

Stocks of software exporters were buyers' fancy as the rupee weakened.

The rupee weakened against the dollar to 71.22 as Brent crude, the international benchmark, moved to two-month high of USD 62.94 per barrel.

Sentiment remained upbeat after Reliance Industries, HDFC Bank and few others posted superior to expected Q3 numbers a week ago, traders said.

The vast majority of other Asian bourses ascended with Shanghai driving the additions, as financial specialists sought after more boost from China after disappointing growth, amid optimism about the US and China progressing with trade talks.

China's economy developed at 6.6 percent in 2018, its slowest rate in just about three decades as the world's second greatest economy thought about the impacts of the present exchange war with the US, and declining exports.

In the three months to December, the economy became 6.4 percent from a year sooner, down from 6.5 percent in the past quarter.

Meanwhile, domestic institutional investors (DIIs) sold offers worth a net of Rs 124.91 crore, while outside institutional speculators (FIIs) offloaded offers to the tune of Rs 97 crore on Friday, as per provisional data.