Sensex jumps 418 points to close at six-month high; Nifty above 17,700 mark

Benchmark Sensex spurted 418 points to settle at more than six-month high while Nifty closed above the 17,700 mark on June 13 on positive domestic macroeconomic data and gains in global markets. The NSE Nifty climbed 114.65 points or 0.62% to end at 18,716.15.

Benchmark Sensex spurted 418 points to settle at more than six-month high while Nifty closed above the 17,700 mark on June 13 on positive domestic macroeconomic data and gains in global markets. Buying in index majors Reliance Industries and ITC also added to the optimism in equities.

Climbing for the second straight session, the 30-share BSE Sensex jumped 418.45 points or 0.67% to settle at 63,143.16, a level not seen since December 1 when the barometer closed at an all-time high. During the day, the index advanced 452.76 points or 0.72% to 63,177.47.

The NSE Nifty climbed 114.65 points or 0.62% to end at 18,716.15.

From the Sensex pack, ITC, Titan, Asian Paints, Reliance, Tata Steel, Bajaj Finserv, Axis Bank, Hindustan Unilever, Infosys, Bajaj Finance, Nestle and ICICI Bank were the major gainers.

Kotak Mahindra Bank, Mahindra & Mahindra, HCL Technologies, State Bank of India, Bharti Airtel and Tata Motors were among the laggards.

"The sustained flow of better-than-expected domestic macroeconomic data kept the market mood afloat, with the Nifty midcap trading to all-time highs..

"Attention now turns to the release of US inflation data and the upcoming Federal Open Market Committee (FOMC) announcement, where the view is optimistic on keeping rates on hold," said Vinod Nair, Head of Research at Geojit Financial Services.