Sensex Ends 373 Points Higher, Nifty Reclaims 10,600: 10 Things To Know
- Top gainers on the 50-scrip index Nifty were Hero MotoCorp (+6.11 per cent), Wipro (+4.04 per cent), Hindustan Unilever (+3.87 per cent), Axis Bank (+2.90 per cent) and Asian Paints (+2.67 per cent).
- Twenty one out of 30 Sensex stocks closed in the green.
- Prominent gainers in the 30-share Sensex pack were Hero MotoCorp (+5.02 per cent), Hindustan Unilever (+4.21 per cent), Wipro (+3.76 per cent), Asian Paints (+2.72 per cent), Axis Bank (+2.69 per cent) and Induslnd Bank (+2.30 per cent). HDFC Bank, Hindustan Unilever and ITC contributed most to the gains.
- Yes Bank settled as the top loser on BSE, closing 3.89 per cent lower. It was followed by ONGC.
- The rupee was set to finish higher against the US dollar for the eighth consecutive day, supported by declining oil prices.
- Crude oil prices steadied after plunging nearly 8 per cent in the previous session, but were under pressure with Brent crude below $60 per barrel amid weak fundamentals and struggling financial markets, reported news agency Reuters.
- According to Viral Berawala, CIO, Essel Mutual Fund, "Today's rally was driven by fall in crude prices. However, it was a narrow rally with the Sensex and Nifty being up by almost a percentage but midcaps being up only slightly and the small cap index was actually down for the day."
- Aviation stocks witnessed cheered falling oil prices fell, with shares of InterGlobe Aviation closing at 2.37 per cent higher on the BSE. Shares of SpiceJet settled 1.58 per cent higher on the stock exchange.
- On a net basis, foreign portfolio investors (FPIs) bought Rs 446 crore worth of domestic stocks on Thursday and domestic institutional investors (DIIs) were net buyers to the tune of Rs 49.68 crore, provisional data available with BSE suggested. Stock markets were closed on Friday.Â
- Meanwhile, gross domestic product data for the September quarter and expiry of futures and options contract are scheduled to be released later this week.​ (With inputs from agencies)
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