Mkt Podcast: Sensex rises 276 points to 35,934, Nifty reclaims 10,850 : Bulletin: Business Today
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Mkt Podcast: Sensex rises 276 points to 35,934, Nifty reclaims 10,850

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July 9, 2018

The Sensex and Nifty closed higher on heavy buying in energy, capital goods, power and banking stocks following positive leads from global markets and a strengthening rupee.

While the Sensex rose 276 points or 0.78% to 35,934 level, the Nifty rose 80.25 points to 10, 852 level.

 Top Sensex gainers were Vedanta , Asian Paints  and Yes Bank.  

Investors have shifted focus from trade tensions between China and US to Q1 corporate earnings which start tomorrow.

The BSE Sensex rallied for the second day logging the highest closing level since January 31, when it had closed at 35,965.

Appreciating rupee against the dollar and fresh buying by domestic institutional investors added to the momentum, brokers said.

Infosys was up 1.14 per cent at Rs 1,299, while TCS closed lower by 1.34 per cent at Rs 1,887.

The TCS stock was the top Sensex loser.

Other IT counters like HCL Technology, Tech Mahindra and Wipro gained up to 1.68 per cent.

 Market breadth was positive with 1708 stocks closing higher against 907 ending in the red on BSE.
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