Markets

News Details

( 14/09/2018 15:59)
Post Session: Sensex reclaims 38,000 on positive macro data, Nifty ends 145 pts higher

Indian equities closed higher for the second straight session on Friday with BSE Sensex reclaiming the 38,000-mark amid sustained buying by domestic institutional investors in wake of strong economic data and recovery in rupee. Industrial output grows at 6.6 per cent in July, while retail inflation slows to a 10-month low of 3.69 per cent in August, raising hopes that the central bank will keep interest rates on hold in its next policy meeting on October 5, 2018.

The 30-share benchmark index closed trade at 38090.64, up by 372.68 points or by 0.99 per cent, and the NSE Nifty ended at 11515.2, up by 145.3 points or by 1.28 per cent.

During the day’s trade, the BSE Sensex touched intraday high of 38125.62 and intraday low of 37859.52, while the NSE Nifty touched intraday high of 11523.25 and intraday low of 11430.55.

The top gainers of the BSE Sensex pack were Vedanta Ltd. (Rs. 235.50,+5.25%), Power Grid Corporation of India Ltd. (Rs. 199.60,+3.31%), Asian Paints Ltd. (Rs. 1331.00,+3.04%), NTPC Ltd. (Rs. 175.00,+3.00%), YES Bank Ltd. (Rs. 323.10,+2.75%), among others.

On the flip side, Coal India Ltd. (Rs. 277.30,-1.42%), Infosys Ltd. (Rs. 735.20,-1.01%), were among top losers on BSE.

On the sectoral front, all the indices ended in green, while realty and power stocks emerged as top gainers on BSE, climbing as much as 3.29 per cent and 2.55 per cent, respectively.

The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total shares traded 2967, shares advanced were 1876, while 905 shares declined and 186 were unchanged.

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