Indian Market: Sensex ends in green, up by 52.28 pts
Mumbai/UNI: The BSE Sensex on Wednesday, the first day of the New Year 2020, ended on a cautious note at 41,306.02, up by 52.28 points on the Indian government's Rs 102 lakh crore infrastructure push, to realise the GDP goal of five trillion USD.
The announcement by US President Donald Trump that Phase 1 of the trade deal with China would be signed on January 15, too boosted the sentiment.
The National Stock Exchange (NSE) rose by 21.25 points to 12,189.70.
The Nifty registered days high and low at 12,222.20 and 12,165.30 points, respectively.
Sliding by 304 points on Tuesday, the day opened higher by 96 points to 41,349.36.
It surged by 190 points to 41,443.52, day's high, before closing at 41,306.02, gaining by 52.28 points from it's last close.
Sectoral indices like FMCG, Health Care, Industrials, Capital Goods, Power and Technology stocks pushed the market up, the broker said.
In scrips, Powergrid, NTPC, M & M, L & T and Hind Unilever moved up, while selling in Oil and Gas, Auto and Telecom capped from further gain, he informed.
In the broader market, the S&P BSE Mid-Cap index advanced 0.21 per cent, while the BSE Small-Cap index gained 0.64 per cent.
The market breadth was positive. On BSE, 1359 shares advanced, while 1065 shares declined. A total of 197 shares were unchanged. In Nifty 50 index, 23 stocks advanced and 27 stocks declined.
Finance Minister Nirmala Sitharaman on Tuesday unveiled infrastructure projects worth Rs 102 lakh crore that will be implemented in the next five years, as part of the government's spending push in the infrastructure sector.
The projects identified are in sectors such as power, railways and urban irrigation.
Markets in Asia and Europe were closed on account of the New Year holiday.
China's central bank on Wednesday announced a decision to cut the reserve requirement ratio (RRR) for financial institutions by 50 basis points from January 6, to support the development of the real economy.
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