BusinessIndia

Financial stocks pushes Sensex up by 347.04 pts to 36,652.06

  1. Mumbai, Sep 25 (UNI) The benchmark index of Bombay Stock Exchange (BSE) recovered by 347.04 points to end volatile session on a positive note at 36,652.06, snapping the losing streak of last five sessions on the back of rally in the financial stocks.

The Nifty of National Stock Exchange (NSE) also rose by 100.05 points to 11,067.45.

The Sensex, which had slumped by 1,840 points in last five sessions, went up by 45 points to 36,350.25 in the morning session. It then shot up by 400 points to touch the day’s high of 36,705.79, before closing at 36,652.06, advancing by 347.04 points as compared to its last close. It hit the day’s low of 36,064.10, down by 241 points.

The gains in sectoral indices such as Health Care, Finance, FMCG, Bankex and Auto pushed the market up.

However, selling in Realty, Telecom and Industrials capped its further gains, brokers informed.

Scrips of Hindustan Unilever, Axis Bank, HDFC, Kotak Bank and Maruti Suzuki gained, while Powergrid, Yes Bank, Coal India and
Adani Ports slipped, brokers said.

There was a mixed trend in the broader markets, as the BSE Mid-Cap index rose 0.36 per cent, whereas the Small-Cap fell 0.74 pc.

Both these indices underperformed the Sensex.

The market breadth was negative on BSE, as 1,081 shares advanced against 1,570 declined and 174 were unchanged.

Globally, Asian stocks ended mixed, as markets in Hong Kong and South Korea were closed for public holidays.

Investors were cautious as the latest round of US-China tariffs revived fears about possible subdued global growth due to the
ongoing trade dispute between the world’s two major economies as well as the spurt in crude oil prices to near four-year-high also
dampened the investors’ sentiment.

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