Sensex, Nifty End Near Six-Month High
Closing Bell: Sensex, Nifty End Near Six-Month High
Indian equity benchmarks resumed rally after a one-day blip to end near a six-month high.
The S&P BSE Sensex ended 1.04 percent or 382 points higher at 37,054.10 and the NSE Nifty 50 ended at 11,168.05, up 1.2 percent. Both the indices closed at ther highest levels since Sept. 19, 2018.
The market breadth was tilted in favour of buyers. About 1,257 stocks advanced and 485 shares declined on National Stock Exchange.
Ten out of 11 sectoral gauges compiled by NSE ended higher, led by the NSE Nifty Metal Index’s 2.78 percent rally. On the Flipside, the NSE Nifty IT Index was the only sectoral loser, down 0.23 percent.
Stocks Moving On Heavy Volumes
MAS Financial Services
- Stock fell as much as 5 percent to Rs 530.
- Trading volume was more than 60 times its 20-day average.
Lemon Tree hotels
- Stock rose as much as 4.1 percent to Rs 89.30.
- Trading volume was more than 20 times its 20-day average.
Forbes & Co
- Stock rose as much as 10 percent to Rs 2,398.55.
- Trading volume was almost eight times its 20-day average.
Godfrey Phillips India
- Stock rose as much as 10.3 percent to Rs 1,043.30.
- Trading volume was almost five times its 20-day average.
Jet Airways Rallies For Sixth Day, Shares Gain Nearly 5%
Shares of jet Airways extended gains for the sixth consecutive trading session, it longest gaining streak in over a year. The stock rose as much as 4.8 percent to Rs 255.
The company has secured fresh credit facilities of Rs 2,050 crore from state-run Punjab National Bank (PNB) that could provide a temporary lifeline, Mint reported quoting the loan documents and copies that it accessed.
The stock gained 6.6 percent in the past five days compared to a 16 percent advance in the past 30 days.
RBL Bank Surges To Record High
Shares of RBL Bank extended gains for the second day and rose as much as 3.1 percent to hit a new all-time high at Rs 658
Trading volume was more than triple its 20-day average, Bloomberg data showed. The stock rose 10 percent in the past five days and advanced 16 percent in the past 30 days.
Market Check: Sensex Reclaims 37,000; Nifty Above 11,150
Indian equity benchmarks traded at day’s high. The S&P BSE Sensex rose as 0.95 percent to Rs 37,018 and the NSE Nifty 50 traded above 11,160.