Friday, Jun 05, 2020 | Last Update : 09:28 PM IST

73rd Day Of Lockdown

Maharashtra77793336812710 Tamil Nadu2725614901223 Delhi250049898659 Gujarat18609126671155 Rajasthan98627104213 Uttar Pradesh92375439245 Madhya Pradesh87622772377 West Bengal68762768355 Bihar4452212028 Karnataka4320161057 Andhra Pradesh4112252971 Haryana3281112324 Telangana31471587105 Jammu and Kashmir3142104835 Odisha247814819 Punjab2415204347 Assam19894434 Kerala158969015 Uttarakhand115328610 Jharkhand7642975 Chhatisgarh6781892 Tripura6221730 Himachal Pradesh3691636 Chandigarh3022225 Goa126570 Manipur124110 Puducherry90330 Nagaland8000 Arunachal Pradesh3710 Meghalaya33131 Mizoram1710 Sikkim200

Sensex closes 266 points higher; auto stocks rally

PTI
Published : Jul 11, 2019, 4:06 pm IST
Updated : Jul 11, 2019, 4:06 pm IST

After rising as much as 335 points, the 30-share index settled 266.07 points or 0.69 per cent higher at 38,823.11.

The broader NSE Nifty ended 84 points, or 0.73 per cent, higher at 11,582.90.
 The broader NSE Nifty ended 84 points, or 0.73 per cent, higher at 11,582.90.

Mumbai: Equity benchmark BSE Sensex rose 266 points on Thursday, led by metal, auto and financial stocks amid positive global market sentiment after US Federal Reserve Chairman Jerome Powell hinted at a rate cut later this month.

After rising as much as 335 points during the day, the 30-share index settled 266.07 points or 0.69 per cent higher at 38,823.11. The index hit an intra-day high of 38,892.50 and a low of 38,631.31. Similarly, the broader NSE Nifty ended 84 points, or 0.73 per cent, higher at 11,582.90.

During the day, it touched a high of 11,599 and a low of 11,519.50. Hero MotoCorp was the top gainer in the Sensex pack, spurting 4.46 per cent.

IndusInd Bank, Tata Motors, Vedanta, SBI, M&M, Sun Pharma, Tata Steel and HDFC twins too rose up to 3.63 per cent. On the other hand, Tech Mahindra, Yes Bank, TCS, L&T, Axis Bank and NTPC fell up to 1.27 per cent.

"Indian markets opened positively for the first time post budget, taking cues from Asian markets which ended with handsome gains after US Fed signalled at interest rate cut soon in the face of some weakening economic data," said Narendra Solanki, Head Fundamental Research (Investment Services) - AVP Equity Research, Anand Rathi Shares & Stock Brokers.

In his congressional testimony on Wednesday, Powell confirmed that the US economy was still under threat of a slowdown, and that the Fed was ready to "act as appropriate" to boost growth.

Elsewhere in Asia, Shanghai Composite Index, Hang Seng, Nikkei and Kospi ended in the green. Equities in Europe were also trading higher in early deals.

On the currency front, the Indian rupee appreciated 14 paise to 68.43 against the US dollar (intra-day). The global oil benchmark Brent crude futures rose 0.61 per cent to USD 67.42 per barrel.

Tags: sensex, bse, nse, nifty, stock market
Location: India, Maharashtra, Mumbai (Bombay)
ADVERTISEMENT
ADVERTISEMENT