135th Day Of Lockdown

Maharashtra46826530552116476 Tamil Nadu2734602148154461 Andhra Pradesh1864611043541681 Karnataka151449746792804 Delhi1402321261164044 Uttar Pradesh104388605581857 West Bengal83800589621846 Telangana7095850814576 Gujarat65704485612529 Bihar6203140760349 Assam4816233429115 Rajasthan4667932832732 Haryana3779631226448 Odisha3768124483258 Madhya Pradesh3508225414912 Kerala279561629988 Jammu and Kashmir2239614856417 Punjab1901512491462 Jharkhand140705199129 Chhatisgarh10109761369 Uttarakhand8008484795 Goa7075511460 Tripura5520367528 Puducherry4147253758 Manipur301818147 Himachal Pradesh2879171013 Nagaland24056594 Arunachal Pradesh179011053 Chandigarh120671520 Meghalaya9173305 Sikkim7832971 Mizoram5022820
Business Market 18 Sep 2019 Sensex rebound over ...

Sensex rebound over 200 points; energy stocks jump as oil prices cool off

PTI
Published Sep 18, 2019, 10:00 am IST
Updated Sep 18, 2019, 10:00 am IST
The 30-share index was trading 186.94 points, or 0.51 per cent, higher at 36,668.03.
The broader Nifty rose 43.15 points, or 0.40 per cent, to 10,860.75.
 The broader Nifty rose 43.15 points, or 0.40 per cent, to 10,860.75.

Mumbai: Domestic equity benchmark BSE Sensex jumped over 200 points in early session on Wednesday, driven by gains in energy and banking stocks, amid positive global cues.

The 30-share index was trading 186.94 points, or 0.51 per cent, higher at 36,668.03 at 0930 hours, while the broader Nifty rose 43.15 points, or 0.40 per cent, to 10,860.75.

 

In the previous session, the BSE barometer plunged 642.22 points, or 1.73 per cent, to 36,481.09, while the Nifty fell 185.90 points, or 1.69 per cent, to 10,817.60.

Top gainers in the Sensex pack in early trade included Bajaj Finance, Reliance Industries, SBI, Yes Bank, Axis Bank, Kotak Bank, Tata Steel, Vedanta, Asian Paints, Bharti Airtel, HCL Tech, HDFC and TCS, rising up to 2.10 per cent.

On the other hand, Maruti, Hero MotoCorp, Tata Motors, HUL, ONGC and ITC fell up to 1.50 per cent.

According to experts, market sentiment recovered on positive news on multiple geopolitical fronts like oil prices and US-China trade talks.

 

Equity markets took a breather as oil prices cooled off after Saudi Arabia's energy minister said that more than half of the country's daily crude oil production that was knocked out by an attack had been recovered, assuring that production capacity at its targeted plants would be fully restored by the end of the month.

Further, US President Donald Trump said a trade agreement between the US and China was likely to happen either before or immediately after the American elections.

Global investor sentiment is also buoyed on expectations of a US Fed interest rate cut later in the day, experts said.

 

Elsewhere in Asia, Shanghai Composite Index, Hang Seng and Kospi were trading in the green in their respective late morning sessions, while Nikkei was in the negative territory.

On Wall Street, bourses ended on a positive note on Tuesday.

The rupee, meanwhile, recovered 29 paise (intra-day) against its previous close at 71.49 in early session.

Global oil benchmark Brent crude fell 0.22 per cent to 64.41 per barrel (intra-day).

On Tuesday, foreign portfolio investor sold shares worth a net of Rs 808.29 crore, while domestic institutional investors bought equities worth Rs 85.76 crore, provisional data showed.

 

...




ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT