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Sensex rallies by 52.16 pts
Economy

Sensex rallies by 52.16 pts

Agency News

Mumbai, Aug 19 : Rallying for the third straight session on Monday, the benchmark index of the Bombay Stock Exchange (BSE) increased by 52.16 points to close firm at 37,402.49 buoyed by hopes of a revival package from the government lifted investors' sentiment at D-Street amidst stronger cues from the Asian markets.

The Sensex opened up by 135 points to 37,485.92 in the morning trade and then climbed further by 368 points to hit the day's high of 37,718.88 during the day. It shaved off some of the gains in intra-day but closed stronger at 37,402.49 in late trade, rising by 52.16 points versus its previous close. The Nifty recorded day's high and low at 11,146.90 and 11,037.85 points, respectively.

The gains in sectoral indices like Health Care, Industrials, Bankex, Capital Goods and Realty, along with scrips of Sun Pharma, Tech Mahindra, Axis Bank, L&T and Reliance Industries kept the positive trend intact for the third session today.
However, the sell-off in Auto, Metal, Oil & Gas and Utilities capped its further gains, brokers informed. The broader markets outperformed the Sensex, as the S&P BSE Mid-Cap index and the Small-Cap edged higher by 0.2 per cent and 0.47 pc, respectively.

The market sentiment was positive on BSE, as 1,275 shares rose while 1,210 fell and 159 were unchanged. Overseas, the global equity markets rose on Monday on signs that major economies would likely take fresh stimulus measures to revive the stalling growth, easing pressure on bonds and dampening demand for perceived safe-havens such as gold.

On the BSE, 1275 shares rose and 1210 shares fell. A total of 159 shares were unchanged. The S&P BSE Mid-Cap index rose 0.2 pc. The S&P BSE Small-Cap index rose 0.47 pc.(UNI)