LIVE TV DownloadNews18 App
News18 English
Powered by cricketnext logo
»
1-min read

Sensex Goes up 160 Points on Reforms, F&O Expiry

The Sensex headed up today surging 160 points as investors welcomed the Cabinet's decision to give 'in-principle' nod to disinvestment of Air India, a sign the government is not shying away from bold reforms.

PTI

Updated:June 29, 2017, 10:08 AM IST
facebookTwittergoogleskypewhatsapp
Sensex Goes up 160 Points on Reforms, F&O Expiry
Image for Representation. (Photo: Getty Images)
Loading...
Mumbai: The Sensex headed up on Thursday surging 160 points as investors welcomed the Cabinet's decision to give 'in-principle' nod to disinvestment of Air India, a sign the government is not shying away from bold reforms.

A firm trend in Asia brought risk appetite back. Speculators went about covering their short positions in anticipation of more reforms, on Thursday being the expiry of June futures and options derivative contracts.

The 30-share index, which had lost 456.42 points in the previous three sessions, rose 159.85 points, or 0.51 per cent, to 30,994.17.

All sectors were in the green. Realty, metal and capital goods led the upmove, with gains of up to 1.16 per cent. The NSE Nifty too went higher by 47.10 points, or 0.50 per cent, to 9,538.35.

Traders said market sentiment improved largely in line with a better trend at other Asian markets, reflecting overnight gains on Wall Street.

A fresh spell of buying by domestic and retail investors
after selling shares for several sessions and recovery in the rupee contributed to the lift. Axis Bank, Bharti Airtel, Tata Steel, M&M and L&T stayed in the lead, rising by up to 3.07 per cent.

Globally, Hong Kong's Hang Seng was up 0.81 per cent, Japan's Nikkei 0.54 per cent and Shanghai Composite 0.21 per cent in early trade on Thursday. The US Dow Jones Industrial Average ended 0.68 per cent up on Wednesday.
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Jet Airways 274.75 -6.45
Zee Entertain 460.90 0.90
Yes Bank 204.60 0.79
Reliance 1,139.20 0.85
Infosys 735.90 1.28
Company Price Change %Gain
Jet Airways 275.70 -6.35
Graphite India 755.00 8.69
Yes Bank 204.65 0.84
Reliance 1,138.25 0.77
HEG 3,746.50 5.80
Top Gainers
Company Price Change %Gain
Indiabulls Hsg 833.95 3.10
Grasim 833.70 2.23
IndusInd Bank 1,527.45 2.16
Wipro 336.00 1.88
UltraTechCement 3,890.00 1.63
Company Price Change %Gain
IndusInd Bank 1,526.80 2.01
Infosys 735.25 1.20
ICICI Bank 377.35 1.29
Larsen 1,356.20 1.13
SBI 304.10 1.03
Top Losers
Company Price Change %Gain
UPL 762.00 -1.80
JSW Steel 287.40 -1.61
Asian Paints 1,390.00 -1.13
HDFC 1,973.80 -0.92
Tech Mahindra 699.25 -0.99
Company Price Change %Gain
Asian Paints 1,391.00 -1.07
HDFC 1,974.00 -0.84
HUL 1,771.25 -0.92
ITC 294.90 -0.57
Kotak Mahindra 1,204.65 -0.62

Live TV

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