Value buying lifts equity indices; banking, IT stocks surge (Second Lead)
Thursday - May 24, 2018 4:20 pm ,
Category : BUSINESS
Value buying lifts equity indices; banking, IT stocks surge (Second Lead)
Mumbai May 24 (IANS) Value buying lifted the key equity indices on Thursday after they slumped around one per cent in the previous session.
According to market observers healthy buying was witnessed in banking IT and Teck (technology entertainment and media) stocks. IT stocks surged due to a depreciating rupee they said.
At 3.30 p.m the broader Nifty50 of the National Stock Exchange (NSE) provisionally closed at 10 513.85 points -- up 83.50 points or 0.80 per cent from its previous close of 10 430.35 points.
The barometer 30-scrip Sensitive Index (Sensex) also jumped nearly one per cent. It had opened at 34 404.14 points and closed at 34 663.11 points (3.30 p.m) -- higher by 318.20 points or 0.93 per cent from its previous session s close of 34 344.91 points.
On intra-day basis the Sensex touched a high of 34 741.46 points and a low of 34 367.83 points. The BSE market breadth was however slightly tilted towards the bears with 1 355 declines and 1 284 advances.
The major gainers on the BSE were Bharti Airtel Tata Consultancy Services (TCS) Infosys Axis Bank and Tata Steel while Tata Motors ONGC Tata Motors (DVR) Bajaj Auto and Maruti Suzuki were the major losers.
On the NSE the top gainers were Infosys Bharti Airtel and TCS. The major losers were ONGC Tata Motors and Grasim Industries.
--IANS rrb/nir
According to market observers healthy buying was witnessed in banking IT and Teck (technology entertainment and media) stocks. IT stocks surged due to a depreciating rupee they said.
At 3.30 p.m the broader Nifty50 of the National Stock Exchange (NSE) provisionally closed at 10 513.85 points -- up 83.50 points or 0.80 per cent from its previous close of 10 430.35 points.
The barometer 30-scrip Sensitive Index (Sensex) also jumped nearly one per cent. It had opened at 34 404.14 points and closed at 34 663.11 points (3.30 p.m) -- higher by 318.20 points or 0.93 per cent from its previous session s close of 34 344.91 points.
On intra-day basis the Sensex touched a high of 34 741.46 points and a low of 34 367.83 points. The BSE market breadth was however slightly tilted towards the bears with 1 355 declines and 1 284 advances.
The major gainers on the BSE were Bharti Airtel Tata Consultancy Services (TCS) Infosys Axis Bank and Tata Steel while Tata Motors ONGC Tata Motors (DVR) Bajaj Auto and Maruti Suzuki were the major losers.
On the NSE the top gainers were Infosys Bharti Airtel and TCS. The major losers were ONGC Tata Motors and Grasim Industries.
--IANS rrb/nir
