Closing Bell: Sensex jumps 312 points to end at 39,435, Nifty also settles on higher note

New Delhi, News Nation Bureau | Updated : 25 June 2019, 04:47 PM
Closing Bell: Sensex jumps 312 points to end at 39,435, Nifty also settles on higher note
Closing Bell: Sensex jumps 312 points to end at 39,435, Nifty also settles on higher note

The BSE Sensex on Tuesday rallied about 312 points, driven by energy, auto and banking stocks as monsoon’s swift progress revived investor sentiment.

After trading in the red zone for a better part of the session, the BSE gauge pared losses and soared over 350 points, before settling 311.98 points, or 0.80 per cent, higher at 39,434.94. The index hit an intra-day high of 39,490.64 and a low of 38,946.04.

Similarly, the broader NSE Nifty rose 96.80 points, or 0.83 per cent, to 11,796.45. During the day, the index touched a high of 11,814.40 and a low of 11,651.

RIL was the biggest gainer in the Sensex pack, rising 2.63 per cent, followed by NTPC, Axis Bank, Tata Steel, PowerGrid, HDFC twins, Bharti Airtel, M&M, ICICI Bank, SBI and Bajaj Finance—gaining up to 2.51 per cent.

While, Yes Bank, Asian Paints, IndusInd Bank, TechM, HUL, TCS, L&T, Hero MotoCorp and HCL Tech fell up to 1.70 per cent. In the previous session Monday, the BSE gauge settled 71.53 points, or 0.18 per cent, lower at 39,122.96, and the Nifty dropped 24.45 points, or 0.21 per cent, to 11,699.65.  

Top losers in the Sensex pack included HCL Tech, Sun Pharma, Hero MotoCorp, Asian Paints, Tata Steel, TechM, TCS and IndusInd Bank, shedding up to 1.44 per cent.

On the other hand, Vedanta, ONGC, PowerGrid, RIL, NTPC, Maruti and Kotak Bank, rising up to 1.31 per cent.  “Positive sentiment further strengthened in the market in afternoon session on back of buying in banking, metals and realty stocks,” he added.

Meanwhile, bourses in Shanghai, Hong Kong, Tokyo and Seoul ended on a negative note. Equity markets in Europe were also trading in the red in early deals. On the currency front, the Indian rupee was trading flat at 69.36 against the US dollar intra-day.

Brent crude futures, the global oil benchmark, fell 0.36 per cent to USD 63.95 per barrel.

(With inputs from PTI)

First Published: Tuesday, June 25, 2019 03:45 PM
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