Sensex Soars Over 550 Points, Nifty Less Than 20 Points From All-Time High: 10 Things To Know
- At 3:28 pm, the Sensex traded 539.87 points - or 1.34 per cent - higher at 40,899.28, while the Nifty was up 164.10 points (1.38 per cent) at 12,078.50.
- Top percentage gainers on the 50-scrip index at the time were Bharti Airtel, Bharti Infratel, Tata Steel, Hindalco and Grasim, trading between 3.76 per cent and 7.96 per cent higher. On the other hand, Zee Entertainment, ONGC, Yes Bank, Bharat Petroleum and GAIL - down between 0.20 per cent and 4.89 per cent - were the top Nifty laggards.
- Steelmakers JSW Steel and Tata Steel jumped as much as 3.78 per cent and 3.80 per cent respectively.
- The Nifty Metal index zoomed 3.48 per cent at the day's highest level, marking its biggest percentage jump in more than five weeks.
- HDFC, Bharti Airtel and Axis Bank were the top contributors to the rise in Sensex, together accounting for a gain of more than 200 points on the index.
- Bharti Airtel jumped more than 6 per cent and was the top gainer on both indices.
- Equities in other Asian markets made guarded gains as investors dared to hope for some progress in the US-China trade dispute, while the outperformance of recent US economic data gave the dollar a leg-up on its peers.
- MSCI's broadest index of Asia-Pacific shares outside Japan bounced 0.8 per cent, after losing 0.4 per cent last week. Japan's Nikkei firmed 0.9 per cent.
- Analysts say macroeconomic data due on Friday will be monitored closely for near-term direction. The government will release the GDP data for the quarter ended September 30 in the evening that day.
- Meanwhile, Tata Motors, Tata Motors DVR, Yes Bank and Vedanta will be dropped from the Sensex from December 23, 2019, to accommodate Titan, UltraTech Cement and Nestle India, according to Asia Index, a 50-50 partnership between S&P Dow Jones Indices LLC and BSE.
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