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Closing Bell: Sensex, Nifty Join Global Stock Rally
Indian equities snapped their worst losing streak in eight years joining a global markets rally led by optimism over U.S.-China trade talks.
Also aiding sentiment was the buoyant outlook on India’s economy and corporate earnings. The benchmark S&P BSE Sensex gained 1.2 percent to 35,770 while the NSE Nifty 50 Index climbed 1.3 to 10,742. This was their best performance since Jan. 31.
The market breadth was tilted in favour of buyers. About 1,098 stocks advanced and 635 shares declined on National Stock Exchange. All 11 sectoral gauges compiled by NSE advanced, led by the NSE Nifty Metal Index’s 2.8 percent rally.
Indian Equity Benchmarks At Day's High
With less than half-an-hour of trade left, Indian equity benchmarks are trading at the session’s high. The S&P BSE Sensex Index gained nearly 400 points to 35,765 while the NSE Nifty 50 was up 1.3 percent at 10,740.
Block Deal Alert: SBI Life Insurance
About 10 lakh shares of SBI Life changed hands in a block deal on National Stock Exchange, Bloomberg data showed. Buyers and sellers were not known immediately.
Shares of the company fluctuated between gains and losses to trade 0.1 percent lower at Rs 562 on NSE after the block deal.
European Stocks Open Higher
European equities opened higher taking cues from their Asian counterparts which gained due to optimism over U.S.-China trade talks.
Metal Stocks Rally Paced By Gains In JSPL, Vedanta
Shares of the steel makers were leading the fightback with the NSE Nifty Metal benchmark gaining for a second straight session. Jindal Steel contributed the most to the index gains. NALCO was the biggest drag.
Metal stocks have been reeling with the gauge losing 12.6 percent of its market value so far this year.
Page Industries Declines For The Fifth Session In A Row
Saudi Aramco Says Looking At Reliance, Others For More India Investment
No FY20 Guidance From Nasscom
Dilip Buildcon Snaps 10-Day Rally
Alembic Gains After It Receives U.S. FDA Approval For Drug
F&O Check: Nifty 10,700 Call Option Surges Over 81%
KPIT Gains The Most In Nearly A Month
Minda Industries Jumps The Most In Over Three Months
Reliance Group Stocks Decline After Supreme Court Holds Anil Ambani Guilty Of Contempt
PSU Banks Rally On Capital Infusion Report
Consumer Electronic Makers Rally After Cabinet Approves New Policy
M&M Swings After JPMorgan Downgrade
Kaveri Seed Falls For Fifth Day
Realty Index Extend Gains Ahead Of GST Council Meet
Essel Propack Jumps After Receiving Additional Deposits Repayments
Opening Bell: Sensex, Nifty Open Higher
Money Market Update: Rupee Opens Higher
BQ Heads Up: Indian ADRs, Insider Trading, Who's Meeting Whom
Your Complete F&O Trade Setup
Brokerage Radar: How To Trade M&M, Crisil, Indian Hotels
Trading Tweaks: Music Broadcast
Bulk Deals: Engineers India, NALCO
Stocks To Watch: Dr. Reddy's Laboratories, Emami Realty, Vedanta, Yes Bank
Key Events To Watch This Week
Commodity Cues: Brent Crude Cools Further
Nifty Futures Suggests Positive Start; Asian Equities Trade Higher