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Sensex Soars 530 Points To End At Record High: 10 Things To Know

Buying across most sectors - especially metal stocks - pushed the markets higher
Buying across most sectors - especially metal stocks - pushed the markets higher
  1. The Sensex ended with a gain of 529.82 points - or 1.31 per cent - at 40,889.23 - its highest closing ever, and the Nifty settled up 164.60 points or 1.38 per cent at 12,079.00.
  2. On a closing basis, the Nifty was just 10 points away of its all-time closing high of 12,088.55 logged on June 3. 
  3. Bharti Airtel was the top percentage gainer on both the benchmark indices, ending 7.2 per cent higher after gaining as much as 8.23 per cent during the session.
  4. Market breadth favoured gains, with 1,413 stocks ending higher and 1,086 closing lower on the BSE. On the National Stock Exchange (NSE), 1,111 shares advanced whereas 703 declined.
  5. Forty four stocks on the Nifty 50 index finished higher.Other than Bharti Airtel, top gainers on the 50-scrip index were Bharti Infratel, Tata Steel, Hindalco and Grasim, rising between 3.69 per cent and 7.37 per cent.
  6. On the other hand, Zee Entertainment, ONGC, Yes Bank, Bharat Petroleum and GAIL - ending between 0.29 per cent and 5.33 per cent lower - were the top Nifty laggards.
  7. Steelmakers JSW Steel and Tata Steel finished with gains of 3.48 per cent and 5.25 per cent respectively, as global metal prices jumped on positive signals from Washington on China.
  8. That helped the Nifty Metal index end 3.09 per cent higher for the day, marking its biggest single-day percentage gain in more than six months.
  9. Gains in other Asian markets on hopes of progress in the US-China trade talks boosted sentiment. MSCI's broadest index of Asia-Pacific shares outside Japan bounced 0.8 per cent after US national security adviser Robert O'Brien on Saturday said an initial trade agreement with China was still possible by the end of the year. 
  10. Analysts awaited macroeconomic data for near-term direction. The government is due to release official data on GDP growth at 5:30 pm on Friday.