Sensex bounces back by 341.90 pts on strong global cues

Sensex bounces back by 341.90 pts on strong global cues

Agency News

Mumbai, Feb 25 : The benchmark index of Bombay Stock Exchange (BSE) jumped on Monday by 341.90 points to reclaim the 36K-level and end positive at 36,213.38 on the strength of renewed buying in IT, Auto, Bankex, Finance and FMCG stocks amidst stronger global cues.

The Nifty of National Stock Exchange (NSE) too advancded by 88.45 points to 10,880.10. The Sensex, which had shed by 26 points on Friday, went up by 112 points to 35,983.80 in early trade and then it remained in green throughout the day. It scaled by 372 points to hit day's high at 36,242.18 during the day before closing at 36,213.38 in late trade, up by 341.90 points as against its previous close.

The Nifty recorded day's high and low at 10,887.10 and 10,788.05 points, respectively. The sectoral indices like IT, Auto, Bankex, Technology, Health Care and Finance pushed the equity market up tracking positive global cues, along with scrips of Yes Bank, TCS, Infosys, IndusInd Bank a index and Small-Cap rose by 0.44 per cent and 0.74 pc, respectively.

The market breadth was positive on BSE, as 1,524 shares gained versus 1,063 fell and 180 were unchanged. Overseas, European and Asian stocks edged higher Monday as investors monitored ongoing China-US trade talks. US stocks closed higher Friday, thanks to optimism over US-China trade talks. (UNI)