Sensex, Nifty close higher; Vedanta, PowerGrid top gainers : Bulletin: Business Today
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Sensex, Nifty close higher; Vedanta, PowerGrid top gainers

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September 14, 2018

Benchmark Sensex rose around 373 points to reclaim the 38,000-mark as better-than-expected macro data and further recovery in the rupee triggered widespread buying. The NSE Nifty too breached the 11,500-level with a rise of 145 points. All sectoral indices ended in the green, led by realty, power, consumer durables and metals.

Brokers said sentiment was bullish on continuous recovery in the rupee amid reports that the government may announce steps to prop up the Indian currency.

The rupee strengthened by another 65 paise to 71.53 (intra-day) against the dollar Friday, also supported by a fall in crude oil prices.

However, the indices closed with losses for the second straight week. The Sensex lost some 300 points, or 0.77 per cent, while the NSE Nifty fell 73.90 points, or 0.64 per cent, during the week.

Meanwhile, domestic institutional investors (DIIs) remained net buyers, picking up shares worth Rs 541.44 crore on Wednesday. However, foreign portfolio investors (FPIs) sold equities to the tune of Rs 1,086.39 crore, provisional data showed.

Vedanta was the big gainer in the Sensex kitty, surging 5.25 per cent after the company said on Thursday it has discovered natural gas in a Krishna Godavari basin block.

PowerGrid, Asian Paints, NTPC, Yes Bank, HDFC Ltd, IndusInd Bank, ONGC, Sun Pharma, Bharti Airtel, SBI, Tata Steel, ICICI Bank, Maruti Suzuki, Tata Motors, M&M, Adani Ports, TCS, Hero MotoCorp and L&T were among the other gainers, rising by up to 3.31 per cent.

Only Infosys and Coal India finished with losses.


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