The Benchmark Index of Bombay Stock Exchange (BSE) on Monday spurted by 529.82 points and reached 40,889.23, as buying was witnessed across the board and news report of China and the United States finalising trade deal boosted the investor sentiment further.
The National Stock Exchange (NSE) too gained 164.60 points and reached 12,079.00. The equity market remained in green throughout the day, as the Sensex opened higher by 80 points to 40,439.66. It rallied by 572 points to 40,931.71, day high before closing at 40,889.23, surging by 529.82 points from its last close.
It registered day low at 40,393.90, up by 34 points. The Nifty recorded day high and low at 12,084.80 and 11,919.75 pts respectively.
sectoral indices like Metal, Materials, Finance, Health Care, Consumer Durable, Bankex, Auto and Realty pushed the market up.
In scrips, Bharti Airtel, Tata Steel, IndusInd Bank, Axis Bank and VEDL increased while selling in ONGC and Yes Bank capped from further gain, broker informed. In the broader market, the S&P BSE Mid-Cap index rose 1.17 pc while the S&P BSE Small-Cap index advanced 0.81 pc. Both these indices lagged the Sensex.
The market breadth was positive. On the BSE, 1412 shares rose and 1090 shares fell. A total of 205 shares were unchanged. In Nifty, 50 index, 44 stocks advanced while six stocks declined. Overseas, shares in Europe continued to trade higher while most Asian stocks ended higher as investors were hopeful of progress in the US-China trade dispute.
US National Security Advisor Robert O’Brien on Saturday said a so-called “phase one” deal with China could still be reached by the end of the year. However, he also emphasized that Washington would not turn a blind eye to the Hong Kong protests. (UNI)