Sensex recovers, ends higher at 36,976.85 pts ahead of RBI monetary policy

Sensex recovers, ends higher at 36,976.85 pts ahead of RBI monetary policy

Agency News

Mumbai, Aug 6 : A day after plunging by over 418.38 points in a single session due to outflow of foreign capital, the benchmark index of Bombay Stock Exchange (BSE) bounced back on Tuesday by 277.01 points to end the volatile trade on a positive note at 36,976.85 on renewed buying in auto, consumer durables, realty, capital goods, banking and auto stocks, shrugging off weak global cues, ahead of the RBI monetary policy announcement due tomorrow.

The Nifty of National Stock Exchange (NSE) also went up by 85.65 points to 10,948.25.
The Sensex registered day's high and low at 37,241.77 and 36,536.59 points, respectively.

The Nifty registered day's high and low at 11,018.55 and 10,813.80 points, respectively.

The broader markets outperformed the Sensex, as the BSE Mid-Cap index and Small-Cap rose by 1.44 per cent and 1.72 pc, respectively.

The market breadth was stronger on BSE, as 1,627 shares gained versus 821 fell and 118 were unchanged.

Overseas, most European stocks were trading higher while Asian stocks fell Tuesday as the China-US trade war intensified, after Beijing confirmed it is suspending agricultural product purchases in response to new American tariffs.

MSCI’s broadest index of Asia-Pacific shares outside Japan had ended lower 0.75 per cent, after brushing its lowest since January. It has lost 3.7 per cent so far this week.
The Shanghai Composite Index retreated 1.4 per cent, while Japan's Nikkei shed 0.7 per cent and Australian stocks fell 2.3 per cent.(UNI)