Sensex gains 82.79 pts

Sensex gains 82.79 pts

Agency News

Mumbai, Sep 18 : The benchmark index of the Bombay Stock Exchange (BSE)Sensex, on Wednesday recovered by 82.79 points to 36,563.83 following a decline in crude prices that spiked after a weekend attack on a Saudi oil facility and fresh buying in Energy, Realty and Power stocks.

The Saudi oil minister said half of production that was cut had already been restored. The National Stock Exchange (NSE) too rose by 23.05 points to 10,840.65. Sliding by more than 900 points in the last two sessions, the Sensex opened higher by 140 points to 36,621.38. It surged by 231 points during the day at 36,712.99 day high and later went down but managed to end positive at 36,563.83, still up by 82.79 points from its previous close. It was 36,465.92 day low.

The sectoral indices like Energy, Metal, Oil and Gas, Realty and Power pushed the market up however, selling in Auto and Telecom capped from further gain, broker informed.

In scrips, Tata Steel, VEDL, SBI, Tech Mahindra and Bajaj Finance advanced while ONGC, Yes Bank, Bharti Airtel and HDFC Bank slipped during the day.

The S&P BSE Small-Cap index rose 0.3 pc. The S&P BSE Mid-Cap index rose 0.39 pc.
The market breadth was almost even. On the BSE, 1250 shares rose and 1232 shares fell. A total of 160 shares remain unchanged.

Overseas, most shares Europe and Asia edged higher on Wednesday as investors await US Federal Reserve's interest rate decision. Investors are looking forward to a meeting of the Federal Reserve's interest-rate setting committee concluding Wednesday, after which Chairman Jerome Powell will announce the central bank's latest policy decision.

Expectations are that the Fed will cut interest rates a second time this year. (UNI)