Sensex Jumps Over 300 Points From Day's Low As Markets Rebound: 10 Things To Know

Edited by Sandeep Singh

09 Dec 2019, 01:19 PM IST

HDFC, Reliance Industries and ICICI Bank contributed the most to the upmove in Sensex

At 1:18 pm, the Sensex traded 168.68 points - or 0.42 per cent - higher at 40,613.83 while the Nifty was up 48.55 points - or 0.41 per cent - at 11,970.05.
Thirty five stocks on the 50-scrip index traded higher at the time. Top percentage gainers were Adani Ports, Yes Bank, UPL, Tata Steel and State Bank of India (SBI), trading between 1.81 per cent and 2.53 per cent higher.
On the other hand, Tata Consultancy Services (TCS), HCL Tech, Hindustan Unilever, Cipla and Nestle India - down between 0.88 per cent and 1.98 per cent - were the top Nifty losers.
Market breadth, however, was largely neutral with 1,117 stocks trading higher, 1,135 moving lower and 177 flat on the BSE in afternoon deals. On the NSE, 882 stocks advanced, 861 declined while 414 remained unchanged.
HDFC, Reliance Industries and ICICI Bank contributed the most to the gain in Sensex, together accounting for a rise of 140.9 points on the index.
The Nifty Auto index - comprising stocks of auto manufacturers and ancillaries - jumped as much as 1.84 per cent led by a 3.21 per cent gain in Maruti Suzuki.
Analysts awaited macroeconomic data due this week for cues.
The government will release data on consumer inflation and industrial production after market hours on Thursday.
The Reserve Bank of India in a surprise move last week kept the key lending rates unchanged at a more than nine-year low of 5.15 per cent while maintaining an "accommodative" policy stance. The RBI said it would observe data for taking further action on rates.
Meanwhile, equities in other Asian markets rose, with MSCI's broadest index of Asia-Pacific shares outside Japan and Japan's Nikkei rising 0.24 per cent and 0.29 per cent each respectively.