Sensex Rises Over 150 Points, Nifty Touches 11,900 Amid Buying Across Sectors: 10 Things To Know

The Sensex had on Tuesday ended 247.55 points lower at 40,239.88 and the Nifty settled at 11,856.80, down 80.70 points from the previous close.

Sensex Rises Over 150 Points, Nifty Touches 11,900 Amid Buying Across Sectors: 10 Things To Know

ICICI Bank, ITC, TCS and Kotak Mahindra Bankcontributed the most to the gain in Sensex

Domestic stock markets registered mild gains on Wednesday shrugging off lacklustre trade in Asian peers. The S&P BSE Sensex rose as much as 183.26 points to touch 40,423.14 on the upside and the broader NSE Nifty benchmark climbed to as high as 11,907.30, up 50.5 points from the previous close. Gains across sectors - led by banking, information technology and metal shares - pushed the markets higher but caution prevailed as analysts awaited the release of macroeconomic data for more clues on the monetary policy in the coming months.

Here are 10 things to know about the share markets today:

  1. At 11:41 am, the Sensex traded 67.63 points - or 0.17 per cent - higher at 40,307.51 while the Nifty was up 15.80 points - or 0.13 per cent - at 11,872.60. 

  2. Market breadth favoured losses with 866 stocks trading higher, 1,127 moving lower and 158 unchanged on the BSE.

  3. Twenty seven stocks on the 50-scrip index at the time traded higher. Top percentage gainers on the Nifty 50 benchmark were GAIL, Tech Mahindra, NTPC, Bajaj Finserv and Bajaj Finance, trading between 1.23 per cent and 2.48 per cent higher. 

  4. On the other hand, Yes Bank, Hero MotoCorp, Power Grid, Larsen & Toubro and Hindalco - down between 1.33 per cent and 13.85 per cent - were the top Nifty laggards.

  5. ICICI Bank, ITC, TCS and Kotak Mahindra Bank contributed the most to the gain in Sensex. 

  6. Shares in Yes Bank fell as much as 14.84 per cent to Rs 43.05 apiece on the BSE, a day after the private sector lender said it was still discussing a $1.2-billion offer from Canadian investor Erwin Singh Braich and Hong Kong-based SPGP Holdings as part of a $2 billion capital raise it announced last month.

  7. The government is due to release data on consumer inflation and industrial production after market hours on Thursday. The RBI in a surprise move this month kept a rate cut on hold saying it would observe more data before easing the monetary policy further, but acknowledging room for further reduction.

  8. Equities in other Asian markets were largely unchanged with MSCI's broadest index of Asia-Pacific shares outside Japan barely budging and Japan's Nikkei index ticking lower.

  9. Investors are beginning to suspect that even if US tariffs due to take effect on Sunday are delayed, it may be 2020 before Washington and Beijing can agree a broader rapprochement.

  10. The S&P BSE Sensex index and the broader NSE Nifty benchmark had on Tuesday settled 247.55 points - or 0.61 per cent - lower at 40,239.88 and 80.70 points (0.68 per cent) down at 11,856.80 respectively. 



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