INSUBCONTINENT EXCLUSIVE:
NEW DELHI: The domestic equity market staged a smart recovery during the fag-end session of the trade, as Sensex and Nifty rose up to 0.75
and 0.03 per cent, respectively.
The market has opened weak today owning to weak global sentiment in the backdrop of a lingering trade war
However, an uptick in European shares boosted market sentiment back home in the afternoon session.
Also, media reports suggesting that oil
At the time of writing this report, the rupee was up by 19 paise.
The BSE Sensex closed the day with a gain of 257 points, or 0.73 per cent,
at 35,690, with 23 stocks advancing and 8 declining.
The Nifty50 settled 81 points, or 0.75 per cent, up at 10,822, with 35 stocks in the
green and 15 in the red.
Broader BSE Midcap and smallcap indices trailed Sensex, closing the day 0.46 per cent and 0.07 per cent up,
We expect private banking and financials counters to do well along with select pharma and FMCG majors
said Jayant Manglik, President, Religare Broking
HDFC, HDFC Bank, ITC, ICICI Bank and Mahindra Mahindra emerged as the key contributors to
the rise in Sensex.
On the other hand, Reliance Industries, Tata Consultancy Services and Coal India featured as the top drags on the Sensex
index.
Shares of Reliance Industries tanked after multiple block deals on NSE.
Among the sectors on BSE, energy fell over 1 per cent on
losses in Reliance Industries, Coal India, HPCL and ONGC.
Oil gas, realty and IT indices went home with small losses.
Global stocks were
Most European markets were trading in the green, but Asian peers were lacklustre
Nikkei closed nearly 1 per cent down, while Hang Seng settled with small gains.
