Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
»
1-min read

Sensex Closes 266 Points Higher; Auto Stocks Rally

After rising as much as 335 points during the day, the 30-share index settled 266.07 points or 0.69 per cent higher at 38,823.11. The index hit an intra-day high of 38,892.50 and a low of 38,631.31.

PTI

Updated:July 11, 2019, 4:26 PM IST
facebookTwitterskypewhatsapp
Sensex Closes 266 Points Higher; Auto Stocks Rally
Representative Image. (Reuters)
Loading...

Mumbai: Equity benchmark BSE Sensex rose 266 points on Thursday, led by metal, auto and financial stocks amid positive global market sentiment after US Federal Reserve Chairman Jerome Powell hinted at a rate cut later this month.

After rising as much as 335 points during the day, the 30-share index settled 266.07 points or 0.69 per cent higher at 38,823.11. The index hit an intra-day high of 38,892.50 and a low of 38,631.31.

Similarly, the broader NSE Nifty ended 84 points, or 0.73 per cent, higher at 11,582.90. During the day, it touched a high of 11,599 and a low of 11,519.50.

Hero MotoCorp was the top gainer in the Sensex pack, spurting 4.46 per cent. IndusInd Bank, Tata Motors, Vedanta, SBI, M&M, Sun Pharma, Tata Steel and HDFC twins too rose up to 3.63 per cent.

On the other hand, Tech Mahindra, Yes Bank, TCS, L&T, Axis Bank and NTPC fell up to 1.27 per cent.

"Indian markets opened positively for the first time post budget, taking cues from Asian markets which ended with handsome gains after US Fed signalled at interest rate cut soon in the face of some weakening economic data," said Narendra Solanki, Head Fundamental Research (Investment Services) - AVP Equity Research, Anand Rathi Shares & Stock Brokers.

In his congressional testimony on Wednesday, Powell confirmed that the US economy was still under threat of a slowdown, and that the Fed was ready to "act as appropriate" to boost growth.

Elsewhere in Asia, Shanghai Composite Index, Hang Seng, Nikkei and Kospi ended in the green.

Equities in Europe were also trading higher in early deals.

On the currency front, the Indian rupee appreciated 14 paise to 68.43 against the US dollar (intra-day).

The global oil benchmark Brent crude futures rose 0.61 per cent to USD 67.42 per barrel.

Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp
Most Active
Company Price Change %Gain
HDFC Bank 2,270.95 -1.14
Yes Bank 91.30 0.16
Kotak Mahindra 1,499.05 3.08
HDFC 2,146.25 -1.86
Reliance 1,287.20 0.52
Company Price Change %Gain
Yes Bank 91.35 0.22
Reliance 1,289.00 0.66
Dewan Housing 60.30 14.64
Kotak Mahindra 1,499.80 3.17
Infosys 795.95 1.38
Top Gainers
Company Price Change %Gain
Kotak Mahindra 1,499.05 3.08
Power Grid Corp 210.10 2.94
Hero Motocorp 2,470.90 2.80
ITC 270.75 2.40
Asian Paints 1,432.45 2.01
Company Price Change %Gain
Kotak Mahindra 1,499.80 3.17
Power Grid Corp 210.00 2.94
Hero Motocorp 2,471.90 2.79
ITC 270.95 2.48
Asian Paints 1,432.45 2.07
Top Losers
Company Price Change %Gain
HDFC 2,146.25 -1.86
Dr Reddys Labs 2,595.10 -1.42
Indiabulls Hsg 644.00 -1.81
Adani Ports 401.35 -1.44
SBI 346.05 -1.37
Company Price Change %Gain
HDFC 2,147.95 -1.77
SBI 346.25 -1.30
HDFC Bank 2,270.15 -1.17
Bajaj Auto 2,539.55 -0.86
Tata Steel 461.60 -0.78

Live TV

Loading...
Countdown To Elections Results
To Assembly Elections 2018 Results