Mumbai, Mar 1: The BSE Sensex reversed the losing streak of last three sessions and rose on Friday by 196.37 points to end above the 36K-level at 36,063.81 on back of gains in Materials, Industrials, Capital Goods and Power as well as release of strong Indian manufacturing data for February amidst firm cues from global peers. The Nifty of National Stock Exchange (NSE) too edged higher by 71 points to 10,863.50.
The Sensex, which had dipped by 344 points in last three sessions,
edged higher by 151 points to 36,018.49. During the day, it climbed by 273 points to touch day's high of 36,140.67 during the day. It pared some of the gains but managed to end positive in late trade at 36,063.81, gaining by 196.37 points against its last close.
The Nifty recorded day's high and low at 10,877.90 and 10,823.10 points, respectively. Market regained strength in mid-afternoon trade as European stocks were trading higher in early trade. Stocks extended gains in late trade. The broader markets outperformed the Sensex, as the S&P BSE Mid-Cap index and Small-Cap rose 1.38 per cent and 2.13 pc, respectively. The market breadth was stronger on BSE, as 1,905 shares gained versus 665 fell and 136 were unchanged.
On the macro-economic front, the health of the Indian manufacturing sector strengthened further in February, as per data released today. The Nikkei India Manufacturing Purchasing Managers' Index (PMI) reached a 14-month high at 54.3 in February, up from 53.9 in January. The latest figure was consistent with a robust improvement in business conditions that was stronger than seen on average over the 14-year survey history.
India's gross domestic product (GDP) growth moderated to six- quarters low of 6.6 per cent in Q3 of 2018-19 from 7 pc growth recorded in the previous quarter and 7.7 pc in the corresponding quarter last year. Quarterly Gross Value Added (GVA) growth also eased to 6.3 pc in Q3 of 2018-19 from 6.8 pc in Q2 of 2018-19 and 7.3 pc in Q3FY of 2017-18. The data was released after market hours on Thursday.
Elsewhere in globe, European equities were trading higher as a rebound in China manufacturing index buoyed automaker and luxury shares.
Most Asian shares rose on Friday, driven by a rally in Chinese markets, after index publisher MSCI announced it would boost the proportion of mainland shares in its global benchmarks. UNI