Closing Bell: Sensex ends 147 points higher, Nifty also jumps by 48

New Delhi, News Nation Bureau | Updated : 27 August 2019, 04:21 PM
Closing Bell: Sensex ends 147 points higher, Nifty also jumps by 48 (file photo)
Closing Bell: Sensex ends 147 points higher, Nifty also jumps by 48 (file photo)

Rising for a third straight session, the BSE benchmark Sensex gained another 147 points on Tuesday, led by auto, metal and financial stocks amid positive domestic and global cues. The 30-share Sensex ended 147.15 points, or 0.39 per cent, higher at 37,641.27. It hit an intra-day high of 37,731.51 and low of 37,449.69.

Similarly, the broader NSE Nifty rose 47.50 points, or 0.43 per cent, to 11,105.35. During the day, it climbed a peak of 11,141.75 and touched a low of 11,049.50. Tata Motors was the biggest gainer in the Sensex pack, rallying 8.87 per cent, followed by Tata Steel, NTPC, IndusInd Bank, Vedanta and M&M, which gained up to 3.86 per cent.

On the other hand, Bharti Airtel, Infosys, TechM, TCS, Kotak Bank, Sun Pharma, HUL and Axis Bank fell up to 3.58 per cent. In the previous session, the BSE barometer closed 792.96 points, or 2.16 per cent, higher at 37,494.12; and the Nifty reclaimed the 11,000-level, advancing 228.50 points, or 2.11 per cent, to 11,057.85.

Top gainers in the Sensex pack in early trade on Tuesday included Tata Motors, SBI, Tata Steel, L&T, Axis Bank, Bajaj Finance, IndusInd Bank and NTPC, rising up to 2 per cent.

On the other hand, Infosys was the biggest loser on the index, shedding over 2 per cent, after the IT major has bought back 11.05 crore of its shares under its Rs 8,260-crore buyback offer that began in March this year.

HCL Tech, TCS, TechM, Kotak Bank and Asian Paints too fell up to 2 per cent. Investors took note of the Reserve Bank’s decision to transfer record Rs 1.76 lakh crore to the government, which is expected to help improve the liquidity situation in a big way.

Besides, domestic equities have been riding a wave of optimism after the government came out with a stimulus plan to revive the economy. Domestic equities also followed global stocks, that rallied after US President Donald Trump Donald Trump said China-US trade talks would resume soon, traders said.

Shanghai Composite Index, Hang Seng, Kospi and Nikkei ended on a positive note. Equities in Europe were trading in the green in their respective early sessions. The Indian rupee appreciated 32 paise to 71.70 against the US dollar intra-day. Brent crude futures, the global oil benchmark, rose 0.93 per cent to USD 58.66 per barrel.

(With inputs from PTI)

First Published: Tuesday, August 27, 2019 03:38 PM
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