LIVE TV DownloadNews18 App
News18 English
»
1-min read

Market Rises for 7th Session Amid Easing Crude Prices, Firm Rupee

Besides, the Reserve Bank's decision on Tuesday to increase liquidity infusion by Rs 10,000 crore to Rs 50,000 crore in December buoyed sentiment.

PTI

Updated:December 19, 2018, 4:12 PM IST
facebookTwittergoogleskypewhatsapp
Market Rises for 7th Session Amid Easing Crude Prices, Firm Rupee
File photo of the Bombay Stock Exchange. (REUTERS)
Loading...
Mumbai: Continuing its rising streak for the seventh session, market benchmark BSE Sensex rose over 100 points, driven by gains in index majors like, Asian Paints, Axis Bank, SBI, Maruti Suzuki, ITC and Bajaj Auto amid strengthening rupee and falling global crude prices.

Besides, the Reserve Bank's decision on Tuesday to increase liquidity infusion by Rs 10,000 crore to Rs 50,000 crore in December buoyed sentiment.

The central bank had earlier announced to infuse liquidity amounting to Rs 40,000 crore through the purchase of government securities under open market operations (OMOs) during December.

In global markets, Asian stocks traded mixed as investors await Federal Reserve policy decision later in the day.

The 30-share index started off on a strong footing at 36,441.46 and hit the session's high of 36,554.99 before settling 137.25 points, or 0.38 per cent, higher at 36,484.33.

The barometer had rallied over 1,387 points in the previous six sessions.

The NSE Nifty too ended 58.60 points, or 0.54 per cent, higher at 10,967.30 after shuttling between 10,985.15 and 10,928 during the session.

Domestic trading sentiment remained bullish backed by persistent fall in crude oil prices, which dropped to over 15-month low, strengthening rupee against the dollar and fresh capital inflows by foreign funds, brokers said.

After breaching the 70 mark against the US dollar by hitting a high of 69.87 in early trade, the rupee slipped to 70.40 against the dollar in late afternoon session at the interbank forex market.

Meanwhile, foreign institutional investors (FIIs) bought shares to the tune of Rs 144.76 crore Tuesday, while domestic institutional investors (DIIs) sold shares worth a net of Rs 182.60, provisional data showed.

Catch the biggest newsmakers and the biggest newsbreaks on CNN-News18, the only news destination. Keep watching CNN-News18 at just 50 paise per month. Contact your cable/DTH operator now!

*Rental/capacity fee of Rs. 130/- as charged by cable/DTH operator may apply. **GST extra.
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Reliance 1,237.70 4.50
Sun Pharma 398.30 1.93
Kotak Mahindra 1,267.60 2.21
Larsen 1,314.55 -0.25
HDFC Bank 2,148.15 0.84
Company Price Change %Gain
Reliance 1,234.50 4.36
ICICI Bank 371.25 -0.17
Sun Pharma 398.35 1.94
Kotak Mahindra 1,267.30 2.42
Yes Bank 192.10 -3.10
Top Gainers
Company Price Change %Gain
Reliance 1,237.70 4.50
Kotak Mahindra 1,267.60 2.21
Bajaj Finserv 6,384.55 2.15
Bajaj Finance 2,594.20 2.02
Sun Pharma 398.30 1.93
Company Price Change %Gain
Reliance 1,234.50 4.36
Kotak Mahindra 1,267.30 2.42
Sun Pharma 398.35 1.94
Bajaj Finance 2,588.90 1.89
Infosys 742.75 1.61
Top Losers
Company Price Change %Gain
Hero Motocorp 2,794.25 -3.61
Yes Bank 191.95 -3.35
Wipro 337.80 -2.41
Maruti Suzuki 7,208.40 -2.03
IOC 135.65 -1.60
Company Price Change %Gain
Hero Motocorp 2,794.50 -3.40
Yes Bank 192.10 -3.10
Maruti Suzuki 7,200.95 -2.07
Bajaj Auto 2,685.45 -1.14
ONGC 144.75 -1.03

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results