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Monday 9 July 2018

Sensex Surges Over 240 Points, Nifty Above 10,800; Yes Bank Shares Up 3%

Sensex, Nifty in Monday's session: Sensex rose 229.88 points to trade at 35,887.74 in early morning trade; Nifty50 surged 65.65 points to 10,838.30. 

Sensex Surges Over 240 Points, Nifty Above 10,800; Yes Bank Shares Up 3%The domestic stock markets started the week on Monday on a positive note. The S&P BSE Sensex rose 229.88 points or 0.64 per cent to trade at 35,887.74 in early morning trade. The Nifty50 index surged 65.65 points or 0.61 per cent to trade at 10,838.30. The domestic equity indices opened in the green on widespread buying in metals, auto, IT and banking counters, amid firm Asian cues and a strengthening rupee. At 12:32 pm, Sensex was 242.67 points high and traded at 35,900.53 level. The NSE Nifty, at the same time, traded at 10,840.40 mark.
Asian share markets rallied on Monday as favourable US jobs data whetted risk appetites, while sterling slipped after two members of the British government resigned over Brexit and put the future of Prime Minister Theresa May in doubt.
Major gainers in the 30-share Sensex pack were Tata Steel (+1.66 per cent), Yes Bank (+1.48 per cent), Reliance (+1.48 per cent) Vedanta (+1.91 per cent), Sun Pharma (+1.33 per cent) and Mahindra & Mahindra (+1.19 per cent). Top laggards in the Sensex pack were TCS (-1.06 per cent) and (Adani Ports (-0.03% per cent). Hindalco, Vedanta, Tata Steel, Yes Bank and Bajaj Auto were leading the pack of Nifty gainers while main losers on the index in the morning session were TCS, Titan, BPCL, Grasim and Hindustan Unilever.
All sectoral indices, led by bankex, metal, auto, infrastructure, power, capital goods, and healthcare, were in the green, rising up to 1.61 per cent.


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