Mumbai, Aug 26 (UNI) The benchmark index of Bombay Stock Exchange (BSE) on Monday posted a huge gain of 792.96 points to 37,494.12 following gains in Realty, Bankex and Power stocks.
The equity market was triggered by Union Finance Minister Nirmala Sitharaman announcement of measures to revive the economy.
The government has withdrawn the surcharge on foreign portfolio investors (FPIs).
The Nifty of National Stock Exchange (NSE) too advanced by 228.50 points to 11,057.85. The day opened on a strong note at 37,363.95 points, up by 662 pts.
During the day, it rallied by 843 points to 37,544.48 day high before closing at 37,494.12, advancing by 792.96 pts from its last close.
The Nifty recorded day high and low at 11,070.30 and 10,756.55 pts respectively.
The sectoral indices include Finance, Industrials, Bankex, Realty, Power and Oil and Gas pushed the market up. In scrips, Yes Bank, HDFC, Bajaj Finance, HDFC Bank and ICICI Bank rallied however, selling in Tata Steel, Sun Pharma, Hero MotoCorp and Reliance Industries capped from further gain, broker informed.
The barometer index, the S&P BSE Sensex, rose 792.26 points or 2.1 pc to 37,494.12, as per closing data.
The Nifty 50 index rose 228.5 points or 2.11 pc to 11,057.85 as per the closing data.
The market breadth was strong. On the BSE, 1695 shares rose and 806 shares fell. A total of 138 shares were unchanged.
Asian shares fell across the board. China on Monday reportedly said that it opposes a trade escalation with the US and is ready to engage in a dialogue. Following the additional tariff, China's yuan hit an 11-year low and tumbled to a record low in offshore trade after a sharp re-escalation in the US-China trade war.
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