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MARKET WRAP: Sensex up 115 pts on positive global cues; auto stocks rally
All that happened in the markets today
Benchmark indices scaled fresh record highs amid a range-bound trade on Thursday supported by positive global cues. As per news agency Reuters, China unveiled a new list of tariff exemptions for US imports, mostly chemical products, days after the world’s two largest economies announced the Phase 1 deal.
At the index level, the benchmark S&P BSE Sensex, which hit a fresh high of 41,698.43 in the intra-day deals, closed at 41,673.92 level, up 115.35 points or 0.28 per cent. YES Bank, TCS, Bharti Airtel, and Tata Motors, up between 2.6 and 6.4 per cent, were the top gainers among the Sensex pack, while Vedanta, HDFC, Sun Pharma, and IndusInd Bank were the top laggards.
On the NSE, the Nifty50 settled at 12,259.80-mark, up 38.15 points or 0.31 per cent. The index hit a record high of 12,268.35 level. Sectorally, Nifty Auto closed the day as the top performing index on the NSE, up over a per cent. On the downside, Nifty Financial Services slipped the most.
In the broader market, the mid and small caps settled the day with marginal gains. The S&P BSE mid and small-cap index closed 0.17 per cent and 0.06 per cent higher, respectively.
Asian shares pulled back from a one-and-a-half year peak on Thursday as investors took some money off the table. Japan's Nikkei index closed 0.29 per cent lower, while Hong Kong's Hang Sang index slipped 0.3 per cent. South Korea's Kospi, meanwhile, added 0.08 per cent.
In Europe, shares edged higher with a pre-holiday lull making for a quiet trading session aside from a handful of corporate updates. The pan-European STOXX 600 rose 0.2% with media, healthcare and utilities sectors leading gains.
(With inputs from Reuters)