Sensex, Nifty rally around 1% on strong macro data, global cues; metal, power shares lead gains
The Hindu
Sensex rallies 556 pts, Nifty closes above 19,400 on strong domestic data & global cues. NTPC, JSW Steel, Tata Steel, Maruti, Power Grid, IndusInd Bank, Bajaj Finance & Tech Mahindra lead gains. FII net sellers of domestic equities, offloading shares worth ₹2,973.10 cr. Global oil price benchmark Brent Crude up 1.26% to $87.92/barrel. Sensex up 0.86%, Nifty 0.94% on positive global cues & strong domestic data. Manufacturing, auto stocks lead rally; FTSE 100, CAC 40, DAX, Nikkei 225, Kospi, Shanghai Composite up.
Equity benchmark Sensex on Friday rallied around 556 points, logging its best single day in two months, while Nifty closed above the 19,400 level on value-buying in power, metal and oil stocks following strong domestic macro data and global cues.
The BSE barometer closed higher by 555.75 points or 0.86% at 65,387.16 with 26 of its constituents ending in the green.
The index opened higher and later touched a high of 19,435.30 in day trading. It touched a low of 64,818.37.
The Nifty spurted by 181.50 points or 0.94% to close at 19,435.30. As many as 44 Nifty stocks advanced while six declined.
NTPC was the lead gainer among Sensex stocks, rising by 4.84%.
JSW Steel (3.37%), Tata Steel (3.33%), Maruti (3.24%), Power Grid (3.07%), IndusInd Bank (2.95%), Bajaj Finance (2.12%) and Tech Mahindra (2.22%) were among major gainers.
On the other hand, Ultratech Cement, Sun Pharma, Nestle and L&T were the losers.
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