Sensex Resumes Rally After One-Day Blip
Closing Bell: Sensex, Nifty End Near Day’s High
Indian equity benchmark S&P BSE Sensex resumed rally after a one-day blip, following the rally in its Asian peers amid renewed optimism over trade talks after U.S. President Donald Trump extended the deadline to raise tariffs on Chinese goods beyond March 1.
The 31-share index ended 351.90 points higher at 36,213.38 after gaining 370 points intraday. The NSE Nifty 50 Index also ended near day’s high to close at 10,880.10.
The market breadth was tilted in favour of buyers. About 1064 stocks advanced and 675 shares declined on National Stock Exchange.
Eight out of 11 sectoral gauges compiled by NSE advanced, led by the NSE Nifty Private Bank Index’s 1.1 percent gain. On the flipside, the NSE Nifty realty Index was the top sectoral loser, down 0.7 percent.
Stocks Moving On Heavy Volumes
- Stock rose as much as 5.6 percent to Rs 6,240.05
- Trading volume was almost six times its 20-day average.
- Stock rose as much as 12.1 percent to Rs 160.90.
- Trading volume was more than six times its 20-day average.
- Stock rose as much as 9 percent to Rs 398.60.
- Trading volume was more than five time its 20-day average.
- Stock rose as much as 16.9 percent to Rs 2,882.25.
- Trading volume was more than triple its 20-day average.
Kaveri Seed Set For Worst Run In Nearly Three Years
Shares of Kaveri Seed fell for the eighth consecutive trading session and are set for their longest losing streak since July 2016. The stock fell as much as 4.7 percent to Rs 384.
The scrip declined 16 percent in the past five days and fell 33 percent in the past 30 days, according to Bloomberg data.
IDFC First Bank Set For Best Five-Day Rally In 19 Months
Shares of IDFC First Bank rose for the fifth consecutive trading session and are poised for their longest losing streak since July 2017. The stock rose as much as 1.5 percent to Rs 46.25.
The scrip had declined 12 percent in the past 12 months compared to an 5.6 percent advance in the Sensex.
European Shares Gain As Trade-Talk Optimism Takes Root Again
European stocks advanced in early trading amid renewed optimism over trade talks after the U.S. President Donald Trump extended the deadline to raise tariffs on Chinese goods beyond March 1.