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Indian market: Sensex rebounds by 353.37 pts

Indian market: Sensex rebounds by 353.37 pts

India Blooms News Service | @indiablooms | 14 Aug 2019, 12:27 pm

Mumbai, Aug 14 (UNI) The benchmark index of Bombay Stock Exchange (BSE) rebounded on Wednesday by 353.37 points to end positive at 37,311.53 on renewed buying across the board amid strong global cues after the United States deferred implementation of tariffs on some Chinese goods.

The Nifty of National Stock Exchange (NSE) also rose by 103.55 points to 11,029.40.

The BSE Sensex, which had plummeted by 624 points on Tuesday, opened in green up by 275 points to 37,233.50 in early trade and then surged by 515 points to hit the day's high of 37,473.61 points, before closing at 37,311.53, up by 353.37 points versus its last close.

The Nifty recorded day's high and low at 11,078.15 and 10,935.60 points, respectively.

The gains in sectoral indices like Materials, Finance, Capital Goods,, Bankex, Telecom, Industrials, Oil & Gas and Metal pushed the market up, along with scrips of VEDL, Tata Steel, Yes Bank, Tech Mahindra and Hero MotoCorp.

The broader market outperformed the Sensex, as the S&P BSE Mid-Cap index and Small-Cap rose by 0.85

per cent and 0.41 pc, respectively.

The market breadth was positive on BSE, as 1,293 shares gained while 1,151 fell and 144 were unchanged.

Globally, the Asian stocks ended firm across the board on Wednesday, as the US announced a delay

in the implementation of tariffs on some Chinese goods.