Closing Bell: Sensex gains 110 points, Nifty ends above 12,150

New Delhi , News Nation Bureau | Updated : 28 November 2019, 06:14 PM
Closing Bell: Sensex gains 110 points, Nifty ends above 12,150
Closing Bell: Sensex gains 110 points, Nifty ends above 12,150 (Photo Credit : file photo )

Extending its record-setting streak for the second session, market benchmark indices ended at fresh closing highs on Thursday following gains in index-heavyweights ICICI Bank and RIL, which became the first Indian firm to breach the Rs 10-lakh crore market valuation mark.

After touching its lifetime high of 41,163.79 during the day, the 30-share Sensex rose by 109.56 points or 0.27 per cent to end at a fresh closing peak of 41,130.17. The broader NSE Nifty closed at a record high of 12,151.15, up by 50.45 points or 0.42 per cent over the previous close.

Reliance Industries (RIL) became the first Indian company to settle above the Rs 10 lakh crore market valuation mark, ending 0.65 per cent higher. IndusInd Bank was the top gainer in the Sensex pack, rising 2.68 per cent. ICICI Bank gained 2.68 per cent at close. Yes Bank, Tata Steel, SBI, TCS, L&T and Infosys also advanced.

On the other hand, Hero MotoCorp, HDFC twins, Bajaj Auto, Tata Motors and Maruti settled with losses. Sustained inflow of foreign investment and short-covering amid the expiry of November derivatives contracts also contributed to the rally, traders said. In early trade, domestic equities opened at a lifetime high as BSE Sensex jumped over 143 points to 41,164 tracking gains in index-heavyweights TCS, ICICI Bank, and L&T.

Also, the Nifty touched an all-time high of 12,138.30 before slipping slightly to quote 11.30 points, or 0.09 per cent, up at 12,112.

On the currency front, the India rupee opened on a flat note and appreciated by 3 paise to 71.32 against the US dollar. Forex traders said, the domestic unit was trading in a narrow range as investors await clarity on the US-China trade front.

At the interbank foreign exchange, the rupee opened at 71.33, then gained further ground and touched a high of 71.32, registering a rise of just 3 paise over its previous close.

Bourses in Hong Kong, Tokyo, Kospi and Seoul ended in the red after China said it was ready to take “firm countermeasures” against the United States after President Donald Trump signed a law supporting pro-democracy protesters in Hong Kong, putting a dampener on hopes of an early trade truce over tariffs.

Stocks in Europe were trading on a negative note. On the currency front, the rupee depreciated 30 paise (intra-day) against the US dollar to 71.65. Brent crude, the global oil benchmark, fell 0.62 per cent to USD 62.62 per barrel in futures trade.

First Published: Thursday, November 28, 2019 03:41 PM
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