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
News18 English
News18 » Business
2-min read

Sensex Snaps Nine-session Slump on Value Buying, Global cues

In the past nine sessions, the Sensex had lost 1,622.62 points, while the Nifty cracked 465.05 points over eight trading days.

PTI

Updated:February 20, 2019, 5:04 PM IST
facebookTwitterskypewhatsapp
Bombay Stock Exchange
Representational Image.
Loading...

Mumbai: Reversing a nine-session falling streak, the BSE Sensex rebounded 404 points on Wednesday as investors snapped up recently hammered stocks amid optimism in global markets over the US-China trade talks.

After a firm opening, the 30-share index stayed in the positive terrain throughout the session before finally finishing at 35,756.26, up 403.65 points, or 1.14 per cent.

The broader NSE Nifty soared 131.10 points, or 1.24 per cent, to 10,735.45.

In the past nine sessions, the Sensex had lost 1,622.62 points, while the Nifty cracked 465.05 points over eight trading days.

Metal, IT and banking counters chalked up smart gains Wednesday, with Vedanta topping the Sensex winners list with a jump of 4.67 per cent.

Other gainers included Tata Steel, ONGC, NTPC, Yes Bank, Infosys, Sun Pharma, Bharti Airtel, SBI, Bajaj Finance, L&T and RIL, rising up to 4.13 per cent.

On the other hand, Hero MotoCorp, HUL, M&M, Bajaj Auto and IndusInd Bank fell up to 0.56 per cent.

All the BSE sectoral indices finished in the green, led by metal (2.99 per cent), basic materials (2.24 per cent) and oil and gas (2.19 per cent).

"The market continues to fight the wall of worry, and bulls appear to be unwilling to give up the fight, as Indian equities had a strong day, up 1.3 per cent," said Sunil Sharma, Chief Investment Officer, Sanctum Wealth Management.

Commodities and metals led the gains, alongside IT and energy, as investors are expecting a favourable outcome of the US-China trade talks, he added.

Broader indices too ended positive, with the BSE Midcap and Smallcap rising up to 0.91 per cent.

Domestic institutional investors (DIIs) were net buyers to the tune of Rs 1,163.85 crore on Tuesday, while foreign institutional investors (FIIs) sold shares worth a net of Rs 813.76 crore, provisional data available with BSE showed.

Global markets spurted on hopes of a positive outcome of the ongoing US-China trade negotiations.

US President Donald Trump Tuesday said the negotiations were going very well, but refrained from committing any extension of the March 1 deadline to arrive at an understanding.

In Asia, Hong Kong's Hang Seng jumped 1.01 per cent, Korea's Kospi rose 1.09 per cent, Japan's Nikkei ended 0.60 per cent higher and Shanghai Composite Index gained 0.20 per cent.

In the Eurozone, Frankfurt's DAX was up 0.40 per cent, Paris CAC 40 rose 0.09 per cent, and London's FTSE was up 0.05 per cent in early deals.

The benchmark Brent crude futures fell 0.44 per cent to USD 66.16 per barrel. Meanwhile, the rupee appreciated 26 paise to 71.08 against the US dollar intra-day.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp
Most Active
Company Price Change %Gain
Yes Bank 54.10 -15.60
Maruti Suzuki 5,971.75 -2.02
Indiabulls Hsg 394.75 -5.84
ICICI Bank 386.60 -3.19
HDFC 1,974.60 -0.69
Company Price Change %Gain
Maruti Suzuki 5,938.30 -2.55
Yes Bank 54.15 -15.52
Tata Power 65.05 1.56
Indiabulls Hsg 395.15 -5.73
ICICI Bank 386.55 -3.16
Top Gainers
Company Price Change %Gain
Tata Motors 124.20 2.01
UPL 562.05 0.90
HDFC Bank 1,101.05 0.66
Bharti Airtel 338.45 0.85
Coal India 193.45 0.57
Company Price Change %Gain
Tata Motors 124.25 1.97
HDFC Bank 1,100.40 0.64
Bharti Airtel 337.70 0.58
Coal India 193.60 0.57
Asian Paints 1,554.35 0.40
Top Losers
Company Price Change %Gain
Yes Bank 54.10 -15.60
Zee Entertain 308.85 -7.92
Tata Steel 344.65 -3.80
IndusInd Bank 1,282.25 -3.62
ICICI Bank 386.60 -3.19
Company Price Change %Gain
Yes Bank 54.15 -15.52
Tata Steel 344.95 -3.66
IndusInd Bank 1,281.95 -3.59
ICICI Bank 386.55 -3.16
Maruti Suzuki 5,938.30 -2.55

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results