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1-min read

Sensex Crosses 40,000 Mark, First Time Since July This Year

Top gainers in the Sensex pack included Bharti Airtel, L&T, Infosys, ITC, Vedanta, HDFC Bank, Bajaj Auto, Kotak Bank and Sun Pharma rose up to 2 per cent.

News18.com

Updated:October 30, 2019, 10:11 AM IST
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Sensex Crosses 40,000 Mark, First Time Since July This Year
Image for representation.

Mumbai: Markets witnessed a strong opening on Wednesday as sensex reclaimed the 40,000 mark, first time since July this year.

Market benchmark BSE Sensex jumped over 250 points in early trade on Wednesday driven by foreign fund inflow and hopes of tax sops for equity investors.

The 30-share index pared some gains to trade 128.48 points, or 0.32 per cent, higher at 39,960.32, and the broader NSE Nifty advanced 35.85 points, or 0.30 per cent, to 11,822.70.

Top gainers in the Sensex pack included Bharti Airtel, L&T, Infosys, ITC, Vedanta, HDFC Bank, Bajaj Auto, Kotak Bank and Sun Pharma rose up to 2 per cent.

On the other hand, Tata Motors, Yes Bank, IndusInd Bank, Tata Steel, ICICI Bank and TCS fell up to 3 per cent.

In the previous session, the 30-share Sensex ended 581.64 points, or 1.48 per cent, higher at 39,831.84. Likewise, the Nifty rallied 159.70 points, or 1.37 per cent, to close at 11,786.85.

Foreign institutional investors were net buyers in the capital market, purchasing Rs 876.64 crore on Tuesday, while domestic institutional investors too bought shares worth Rs 144.75 crore, data available with stock exchange showed.

According to Sandeep Nayak, ED and CEO of Centrum Broking, a proposed review of key taxes such as long term capital gains (LTCG), securities transaction tax (STT) and dividend distribution tax (DTT) before the budget has added impetus to domestic investor sentiment.

However, gains were capped as investors also took cues from weakness in other Asian equities amid reports of a possible delay in the US-China trade deal, traders said.

Market is also awaiting cues from US Federal Reserve's policy decision, scheduled to be announced later in the day.

Bourses in Shanghai, Hong Kong, Seoul and Tokyo were trading on a negative note

On Wall Street, stock exchanges too finished in the red on Monday.

The rupee, meanwhile, depreciated 11 paise against the US dollar to trade at 70.95 in early session.

Brent futures, the global oil benchmark, slipped 0.88 per cent to USD 61.05 per barrel.

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Company Price Change %Gain
SBI 321.90 5.20
Bharti Airtel 393.05 8.43
ICICI Bank 499.85 0.24
Reliance 1,470.85 0.55
Yes Bank 68.70 -0.07
Company Price Change %Gain
Cipla 463.10 2.57
SBI 322.00 5.19
Bharti Airtel 393.20 8.42
Eris Life 410.15 -0.19
Yes Bank 68.70 -0.07
Top Gainers
Company Price Change %Gain
Bharti Infratel 227.15 8.87
Bharti Airtel 393.05 8.43
SBI 321.90 5.20
Grasim 755.15 2.89
Cipla 463.25 2.63
Company Price Change %Gain
Bharti Airtel 393.20 8.42
SBI 322.00 5.19
Kotak Mahindra 1,623.00 1.60
Sun Pharma 414.90 1.18
Tata Motors 168.60 0.96
Top Losers
Company Price Change %Gain
IOC 131.70 -3.76
Hero Motocorp 2,543.20 -1.87
BPCL 506.55 -1.57
Maruti Suzuki 7,147.20 -1.38
Vedanta 142.10 -1.32
Company Price Change %Gain
Hero Motocorp 2,542.85 -1.85
Maruti Suzuki 7,147.00 -1.38
ITC 250.65 -1.30
Vedanta 142.10 -1.29
NTPC 117.20 -1.14

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