Indian Market: Sensex ends firm at 36,442.54 pts on strong global cues

The Nifty of National Stock Exchange (NSE) too rose by 123.95 points to 10,987.45.

The day opened on a strong note at 36,141.07, rising by 78 points. It rallied by 394 points to 36,457.44 days high, before closing at 36,442.54, gaining by 378.73 points from its last close.

The Nifty recorded day high and low at 10,994.90 and 10,817.00 respectively.

The sectoral indices like Materials, Consumer Discretionary Goods and Services, Finance, Energy, Industrials, Auto and Metal kept the market firm for another day today.

In scrips, Tata Motors, Tata Motors DVR, HeroMoto Corp and Axis Bank went up while selling in Infosys, Hind Unilever, TCS and Powergrid capped from further gain, broker informed.

Broader market rallied. Among secondary barometers, the BSE Mid-Cap index surged 2.01 pc. The BSE Small-Cap index spurted 3.11 percent.

The market breadth, indicating the overall health of the market, was strong.

On BSE, 2,125 shares rose and 561 shares fell. A total of 188 shares were unchanged.

On the economic front, economic conditions in India's dominant service sector remained positive in February, with a quicker expansion in new work supporting a faster increase in output and solid job creation.

Rising from 52.2 in January to 52.5 in February, the seasonally adjusted Nikkei India Services Business Activity Index pointed to a moderate though quicker upturn in output.

Overseas, European shares were mixed as investors monitored various political developments across the globe.

UK and EU negotiators are set to meet in Brussels in an attempt to bridge the gaps ahead of the March 29 Brexit deadline. Meanwhile, trade talks between the US and China remain on the radar for investors.
 

Image: UNI