You are here: Home » PTI Stories » National » News
Business Standard

Sensex ends Samvat 2074 7 pc higher

Press Trust of India  |  Mumbai 

Benchmark indices ended a highly volatile session in the green Tuesday on firm Asian cues, ending the Samvat year 2074 higher by over 7 per cent.

The benchmark Sensex has gained 2,407.56 points, or 7 per cent, in the Hindu Samvat year 2074, while the broader NSE Nifty rose by 319.15 points, or over 3 per cent.

In Tuesday's session, the Sensex commenced higher at 35,076.24 points and continued its upward march to hit a high of 35,196.03. However, profit-booking in the last one hour of trading, in line with losses in European markets, wiped-off most Sensex gains as it hit a low of 34,889.72 and settled at 34,991.91 points, up 40.99 points or 0.12 per cent.

The gauge had lost over 60 points Monday.

Similarly, the broader NSE Nifty, after shuttling between 10,600.25 and 10,491.45 points, ended the last session of Samvat 2074 with a rise of 6 points, or 0.06 per cent, to end at 10,530.

Sentiments were also influenced by positive cues from other Asian markets, supported by Wall Street gains. However, momentum was tempered ahead of the US mid-term elections, the first major electoral test of Donald Trump's big tax cuts and hostile trade policies.

Investors adopted a cautious approach in the last session of Samvat year 2074 ahead of a long Diwali break, and kept their positions restricted.

emerged as the best performer among Sensex constituents, rising 2.22 per cent, followed by gaining 1.95 per cent.

Other gainers included Tata Motors, RIL, Sun Pharma, PowerGrid, Bharti Airtel, Vedanta, ICICI Bank, Coal India, ONGC, L&T, Infosys, HDFC, NTPC and M&M, rising up to 1.69 per cent.

Bucking the trend, state-run SBI suffered the most by falling 2.98 per cent, while lost 2.67 per cent.

Maruti Suzuki, IndusInd Bank, Adani Ports, ITC, HUL, Asian Paints, Bajaj Auto, Tata Steel, and too ended lower and lost up to 1.31 per cent.

Sectorally, the teck index took the top position by rising 1.03 per cent, followed by IT gaining 0.99 per cent, realty (0.40 per cent) and infrastructure (0.17 per cent).

However, consumer durables, metal, FMCG, PSU, & gas, auto, bankex, and power ended in the negative zone, falling up to 1.79 per cent.

Broader markets depicted a weak trend with the midcap index falling 0.75 per cent, while smallcap index shed 0.19 per cent.

Exchanges will conduct a special 'Muhurat trading' session Wednesday between 1700 and 1830 hours on the occasion of Diwali.

The markets will remain closed on Thursday for "Diwali Belipratipada'.

Elsewhere in Asia, Japan's Nikkei was up 1.14 per cent, South Korea's Index rose 0.61 per cent, while Hong Kong's Hang Seng rose 0.82 per cent. Shanghai Composite index, however, fell 0.23 per cent.

Key indices in such as Paris CAC fell 0.22 per cent, while Frankfurt's DAX shed 0.13 per cent in the late morning deals. London's FTSE also slipped 0.21 per cent.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, November 06 2018. 16:15 IST