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Sensex spurted 807.95 pts during week
Economy

Sensex spurted 807.95 pts during week

Agency News

Mumbai, Sep 28 : The benchmark index of Bombay Stock Index (BSE) registered a massive gain of 807.95 points or 2.13 per cent at 38,822.57 during the week ended on Friday on easing crude oil prices and positive news on the US-China trade war front alongwith slashing corporate tax rates for domestic companies.

The Nifty 50 index too rose by 238.20 points or 2.11 per cent to settle at 11,512.40.
The BSE Mid-Cap index rose 145.92 points or 1.03 per cent at 14,265.99. The BSE Small-Cap index rose 127.68 points or 0.97 per cent to settle at 13,331.93.
Domestic shares gained on Monday supported by government's move to slash corporate tax rates for domestic companies. The surprise decision by the government is seen boosting corporate earnings significantly. The barometer index, the S&P BSE Sensex, rose 1,075.41 points.

On Tuesday, the sensex ended at 39,097.14 rose 7.11 points. The Nifty 50 index fell 12 points or 0.10 pc to 11,588.20.

On Wednesday, the Sensex slumped 503.62 points or 1.29 pc to 38,593.52. The Nifty 50 index shed 148 points or 1.28 pc to 11,440.20 amid broad based selling pressure.
The market ended with strong gains on Thursday supported by easing crude oil prices and positive news on the US-China trade war front. The barometer index, the S&P BSE Sensex, rose 396.22 points or 1.03 per cent to 38,989.74. The Nifty 50 index rose 133.10 points or 1.22 pc to 11,573.30.

Indices ended with modest losses on Friday tracking weakness in other Asian indices. The barometer index, the S&P BSE Sensex, fell 167.17 points or 0.43 pc to 38,822.57. The Nifty 50 index fell 58.80 points or 0.51 pc to 11,512.40.
(UNI)