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Sensex Closes 155 Points Higher, Nifty Ends Above 10,770: 10 Things To Know
07 Jan 2019, 03:44 PM IST 
The Nifty IT index closed 1.03 per cent higher.
- The S&P BSE Sensex rose as much as 381.85 points during the session to touch 36,076.95 at the day's highest point, while the Nifty50 climbed 108.6 points to register an intraday high of 10,835.95.
- Thirty two out of the 50 stocks on the Nifty finished the session with advances. Prominent gainers on the Nifty index included Axis Bank, Bharti Infratel, Tata Motors, Titan and Grasim.
- Axis Bank, Tata Motors, Infosys, Maruti, NTPC and ONGC led the upmove on Sensex.
- The Nifty IT index closed 1.03 per cent higher. Infosys and TCS closed 1.61 per cent and 1.13 per cent higher respectively. Top software services exporters Tata Consultancy Services (TCS) and Infosys are scheduled to report their results for the December quarter on January 10 and January 11, respectively.
- Shares in watch producer Titan Company settled 1.69 per cent higher, after the company on Friday said it expects a 22 per cent growth in full-year jewellery business.
- Easing of worries on the US-China trade front also supported the markets, say analysts. Supportive global cues following robust US jobs data for December and Federal Reserve chairman Jerome Powell's comments that the US central bank would be flexible in policy decisions this year bolstered trading sentiments on Monday, analysts were quoted as saying in a Press Trust of India report.
- "We have positive outcome from the US and China. Our market is showing relatively better signs of stability due to this," said Deven Choksey, founder, KR Choksey Investment Managers.
- Both the US and China have expressed an interest in settling their tariff war. Envoys of both nations will have discussions during meetings on Monday and Tuesday.
- Analysts are now looking out for upcoming events. "Global cues and key IT and banking results would determine the course of market during the next few days," said Viral Berawala, CIO, Essel Mutual Fund.
- Meanwhile, domestic institutional investors net purchased equities to the tune of Rs 240.60 crore, while foreign institutional investors (FIIs) sold shares worth a net Rs 157.72 crore on Friday, according to provisional data. (With inputs from agencies)