Markets

News Details

( 12/09/2018 16:12)
Post Session: Sensex ends 304 pts higher ahead of key macro data, Nifty at 11,369

Indian equities ended higher on Wednesday, ahead of key macro data slated to be released today, led by gains in surge in buying in FMCG, metal, capital goods and consumer durables stocks amid firm cues from European markets. The government will issue consumer price inflation for August and index of industrial production data for July after 5.30 PM today. Adding to it, recovery in rupee amid reports that Prime Minister Modi will be holding a meeting over the weekend to review the economic situation and the rupee condition also boosted sentiment at Dalal-Street.

The 30-share benchmark index closed trade at 37717.96, up by 304.83 points or by 0.81 per cent, and the NSE Nifty ended at 11369.9, up by 82.4 points or by 0.73 per cent.

During the day’s trade, the BSE Sensex touched intraday high of 37752.58 and intraday low of 37342, while the NSE Nifty touched intraday high of 11380.75 and intraday low of 11250.2.

The top gainers of the BSE Sensex pack were Power Grid Corporation of India Ltd. (Rs. 193.20,+3.40%), ITC Ltd. (Rs. 306.50,+3.11%), Sun Pharmaceutical Industries Ltd. (Rs. 649.85,+2.98%), Adani Ports & Special Economic Zone Ltd. (Rs. 375.50,+2.96%), Hindustan Unilever Ltd. (Rs. 1627.95,+2.29%), among others.

On the flip side, Axis Bank Ltd. (Rs. 635.55,-2.30%), Tata Motors Ltd. (Rs. 262.65,-1.70%), Bharti Airtel Ltd. (Rs. 375.00,-1.28%), ICICI Bank Ltd. (Rs. 323.10,-1.07%), YES Bank Ltd. (Rs. 314.45,-0.71%), were among top losers on BSE.

On the sectoral front, FMCG and metal stocks emerged as top gainers on BSE, climbing as much as 2.40 per cent and 1.52 per cent, respectively.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 3002, shares advanced were 1197 while 1605 shares declined and 200 were unchanged.

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