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Closing Bell: Sensex ends over 300 points higher, Nifty above 10,750; consumption, metals gain big

At the close of market hours, the Sensex closed up 317.72 points or 0.90% at 35774.88, while the Nifty was higher 81.20 points or 0.76% at 10763.40.

Nov 19, 03:37 PM (IST)
Market at Close It’s a strong start to the week, with the Sensex ending over 300 points higher, while the Nifty surged past 10,750 on the back of intense buying.

Buying counters were buzzing among sectors such as automobiles, consumption, energy, infrastructure, IT, metals and pharmaceuticals as well. In the broader markets, the Nifty Midcap index rose around half a percent.

Financials saw a rally as news reports indicated that the central bank was open to tweaking/review of PSU banks’ prompt corrective action (PCA) plan.

At the close of market hours, the Sensex closed up 317.72 points or 0.90% at 35774.88, while the Nifty was higher 81.20 points or 0.76% at 10763.40. The market breadth was narrow as 1,330 shares advanced, against a decline of 1,278 shares, while 160 shares were unchanged.

Yes Bank and ITC were the top gainers, while ONGC, ICICI Bank, Indiabulls Housing and GAIL lost the most.

Nov 19, 03:02 PM (IST)
UPDATE | Indian Sugar Mills Association has said that sugar output as of November 15, 2018 has been reported at 11.63 lakh tonnes against 13.73 lakh tonnes year on year.

Nov 19, 02:13 PM (IST)
Rupee Update: The Indian rupee is trading higher by 28 paise at 71.64 per dollar.

source: moneycontrol.com

Categories:   Indian share market, Indian Stock exchange, Indian Stock Market, Indian Stock Pick

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