Wednesday, 24 April 2019

Sensex rallies 490 points; Nifty reclaims 11,700-mark

Mumbai, Apr 24 Snapping its three-session losing streak, benchmark BSE Sensex revitalized 490 points Wednesday as financial specialists heaped into record heavyweights Reliance Industries, HDFC team, Infosys, ITC and ICICI Bank.

In the wake of beginning a positive note, the BSE bourse took off to a high of 39,095.35 at the fag-end of the session. It at long last settled 489.80 points, or 1.27 percent, higher at 39,054.68.

The broader NSE Nifty also climbed 150.20 points, or 1.30 percent, to close at 11,726.15. It hit an intra-day high of 11,740.85.

HCL Tech and ONGC were the top gainers in the Sensex, ascending to 3.40 percent. IndusInd Bank, Yes Bank, Bharti Airtel, HDFC, HDFC Bank, RIL, Bajaj Finance, SBI, TCS, Infosys, ICICI Bank and ITC too ascended to 2.75 percent.

Then again, Tata Motors, Hero MotoCorp, Coal India, PowerGrid, Maruti, Axis Bank and NTPC fell up to 3.33 percent.

According to traders, market sentiment turned positive as investors took positive cues from US equities and easing crude oil prices.

Brent unrefined fates, the global oil benchmark, slipped 0.08 percent to USD 74.45 per barrel.

On the Wall Street, the S&P 500 and Nasdaq lists finished at record highs on Tuesday in the midst of a large number of superior to anything expected income reports.

Somewhere else in Asia, benchmark value lists in Shanghai, Tokyo and Seoul finished in the red.

European equites started off on a mixed note.

Meanwhile, foreign institutional investors (FIIs) sold equity worth Rs 237.47 crore on Tuesday, while residential institutional investors (DIIs) acquired offers to the tune of Rs 198.35 crore, temporary information accessible with stock exchanges showed.

The rupee, however, depreciated 21 paise to 69.83 against the US dollar in early trade.

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