Sensex closes at one-and-half-month high

The index jumps 180 points to end at 20,128

Reuters
Last Updated : Jul 19 2013 | 12:09 AM IST
The BSE Sensex rose nearly one per cent on Thursday to close at its highest in 1-1/2 months after Axis Bank surged on better-than-expected June-quarter results, sparking a rally in other banking stocks as well.

The BSE Sensex rose 0.9 per cent, or 179.68 points, to end at 20,128.41, marking its highest close since May 30.

The Nifty rose 1.08 per cent, or 64.75 points, to end at 6,038.05, clocking a second consecutive session of gains.

Also Read

Private-sector lender Axis Bank rose 3.7 per cent after posting a higher-than-expected 22.5 per cent increase in quarterly net profit, helped by higher interest income, and a marginal increase in bad loans. The results lifted shares of other banks, with HDFC Bank and YES Bank rising 3.2 per cent each.


*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 18 2013 | 10:29 PM IST

Next Story