Sensex Closes 665 Points Higher, Nifty Settles At 10,830: 10 Things To Know

1. The Sensex moved in a range of 36,278.13-35,740.07 during the session, whereas the Nifty rose as much as 10,838.05. The index touched a low of 10,678.55.
2. Forty out of 50 Nifty stocks finished on a positive note. Major advancers on the Nifty50 were Axis Bank, GAIL, Infosys, Titan and Tata Motors, settling between 3.06 and 4.32 per cent higher.
3. Thursday's gain was the sharpest daily gain for the Sensex since October 29, 2018.
4. Axis Bank, Tata Motors, Infosys, Kotak Mahindra Bank and HDFC Bank were the top gainers on the 30-share Sensex, closing between 2.39 per cent and 4.64 per cent higher.
5. According to Joseph Thomas, Head Research, Emkay Wealth Management, the market was well bid across segments and sectors throughout the day. "It was mainly propelled by two important factors. The first being the moderation in the monetary policy stance of the Federal Reserve, as the key funds rate was left unchanged. The second one being high expectations from the interim Budget by way of measures that would alleviate the agrarian distress and boost the employment and consumption levels," he said.    
6. Heavy short-covering on expiry of January series futures and options (F&O) contracts too buoyed the benchmarks, analysts were quoted as saying in news agency Press Trust of India report.   
7. On the global front, investors were also optimistic about the ongoing two-day high-level talks between the US and China aimed at settling their six-month trade war.
8. On the other hand, private sector lender Yes Bank was the major laggard on both the benchmark indices. Shares closed 2.76 per cent lower at Rs 194 on the NSE.
9. Meanwhile, the rupee depreciated marginally to 71.15 against US dollar. The benchmark Brent crude futures were trading higher at $61.55 per barrel.
10. On a net basis, foreign institutional investor (FIIs) bought shares worth a net of Rs 130.25 crore on Wednesday, and domestic institutional investors (DIIs) were net buyers to the tune of Rs 502.26 crore, provisional data available with NSE showed.   

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