Mumbai, Sep 12: The benchmark index of Bombay Stock Exchange (BSE) on Wednesday jumped by 304.83 points to 37,717.96 on fresh buying in FMCG, Capital Goods, Power and Industrial stocks.
The Nifty of National Stock Exchange (NSE) too gained by 82.40 points to 11,369.90. Sliding by 976 points in last couple of days, the Sensex opened higher by 143 points to 37,546.42. It spurted by 339 points to 37,752.58 day high before closing at 37,717.96, advancing by 304.83 points from its last close. It registered day low at 37,342, fell by 71 points.
The sectoral indices that pushed the market were FMCG, Metal,Capital Goods, Power, Industrials and Materials. In scrips, Powergrid, ITC, Sun Pharma, Adani Ports and Hind Unilever too boosted the same, broker informed. Among secondary barometers, the BSE Mid-Cap index rose 0.52 pc.
The BSE Small-Cap index fell 0.27 pc. Both these indices underperformed the Sensex. The market breadth, indicating the overall health of the market, was negative. On BSE, 1140 shares rose and 1516 shares fell. A total of 188 shares were unchanged.
Overseas, shares in Europe traded slightly higher on Wednesday, despite further tensions between the US and China surrounding trade. Asian stocks fell on Wednesday, as investor confidence was chilled by the latest round of verbal threats in an intensifying US-China trade conflict.
China will seek permission from the World Trade Organization (WTO) to impose sanctions on the US next week, according to the WTO's meeting agenda. There will be no trading in stock market on Thursday for 'Ganesh Chaturthi', broker informed. (UNI)