Indian Market: Sensex ends firm at 38,905.84 pts, 2-week-high
Mumbai, Apr 13 (UNI) Extending gains for the third straight session on Monday, the BSE Sensex rallied by 138.73 points to end strong at 38,905.84, a two-week-high as brisk buying was witnessed in IT, Auto, Realty, Technology stocks amid strong global cues.
The Nifty of National Stock Exchange (NSE) too moved up by 46.90 points to 11,690.35.
The equity market remained in green througout the day, as the Sensxex opened higher by 38 points to 38,805.54. It spurted by 209 points to 38,976.58, before closing at 38,905, advancing by 138.73
points from its previous close.
The Nifty registered day high and low at 11,704.60 and 11,648.25 points respectively.
The sectoral indices like Materials, Industrials, IT, Auto, Realty, Bankex and Technology kept the positive trend intact for the straight session today. In scrips, Tata Motors DVR, Tata Motors, TCS, Coal India and Tata Steel increased while selling in Infosys, Yes Bank, ONGC and HDFC capped from further gain, broker informed.
Among secondary barometers, the BSE Mid-Cap index rose 0.49 pc. The BSE Small-Cap index rose 0.62 pc. Both these indices outperformed the Sensex.
The market breadth, indicating the overall health of the market, was positive.
On BSE, 1454 shares rose and 1130 shares fell. A total of 216 shares were unchanged.
On the economic front, the Wholesale Price Index (WPI)-based inflation, base year 2011-12, increased to 3.2 pc in March 2019 from 2.9 pc in February 2019 and 10-month low of 2.8 pc in January 2019.
The WPI inflation is retained unchanged at 2.8 pc for January 2019 from 2.8 pc reported earlier.
India's industrial production (base year 2011-12=100) growth moderated sharply to 20-month low of mere 0.1 pc in February 2019, compared with 1.4 pc growth recorded in January 2019. The industrial
production growth for January 2019 has been revised downwards from 1.7 pc increase reported provisionally. The data was released after market hours on Friday.
Overseas, most shares in Europe and Asia rose on Monday with investors reacting to developments in US-China trade talks.
Investors also cheered Chinese data on Friday showing exports rebounded in March to a five-month high while new bank loans jumped by far more than expected.
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