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Sensex reclaims 38,000 mark, Nifty up 120 points

Friday - September 14, 2018 1:44 pm , Category : BUSINESS
 Sensex reclaims 38,000 mark, Nifty up 120 points (Lead)
Sensex reclaims 38,000 mark, Nifty up 120 points (Lead)
Mumbai Sep 14 (IANS) The benchmark S&P BSE Sensex reclaimed the 38 000 mark on Friday afternoon supported by a recovery in the rupee and positive global markets.
The NSE Nifty50 also surged around 120 points during the afternoon session of trade. So far sector-wise consumer durables stocks led the increase in the market.
The Indian rupee on Friday recovered after the recent slump and around 1.10 p.m. the rupee traded around 71.60 per US dollar against the previous close of 72.19 per dollar.
Globally equity markets traded higher after reports said that the US and China may hold fresh talks on trade tariffs issue.
Further the Wholesale Price Index for August released on Friday eased to 4.53 per cent from 5.09 per cent in July which firmed up the domestic investor sentiment.
Index-wise the wider Nifty50 on the National Stock Exchange traded at 11 490.45 points (1.25 p.m.) higher by 120.55 points or 1.06 per cent from its previous close.
The S&P BSE Sensex which had opened at 37 939.29 points traded at 38 022.67 points higher by 304.71 points or 0.81 per cent than the previous close of 37 717.96 points.
So far it has touched an intra-day high of 38 058.92 points and a low of 37 859.52 points.
The markets remained closed on Thursday on the ocassion of Ganesh Chaturthi.

--IANS ravi-rrb/vm

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