Sensex up 77.18 pts

Sensex up 77.18 pts

Agency News

Mumbai, Oct 31 : The benchmark index of the Bombay Stock Exchange (BSE) remained strong for the fifth day on Thursday as it gained by 77.18 points to 40,129.05 on gaining by IT, Telecom, Technology and Realty stocks.

The National Stock Exchange (NSE) too rose by 37.10 points to 11,881.20. Advancing by 341 points to hit a fresh lifetime high of 40,392 levels in intra-day deals, the S&P BSE Sensex pared its gains to settle at 40,129, up 77 points or 0.19 per cent on Thursday, the last day of the October series of the futures & options (F&O) contracts.

Meanwhile, the Sensex opened at 40,211, up by 160 points.

Though, the Sensex touched day high at 40,392.22, failed to maintain strong position following sharp sell-off in the fag-end of the session after reports said Chinese officials had doubts about whether it was possible to reach a comprehensive long-term trade deal with Washington and US President Donald Trump.

The Nifty registered day high and low at 11,945.00 and 11,855.10 points respectively. The sectoral indices that rallied were IT, Telecom, Utilities, Realty and Consumer Durable stocks. In scrips, Yes Bank sparkled by 24.03 pc to Rs 70.45 after the lender said it has received a binding offer of US $1.2 billion from a global investor. Other scrips that supported the market were SBI, Infosys, Tata Motors and Tata Motors DVR.

Broader market outperformed the benchmarks. The S&P BSE MidCap index gained over 167 points or 1 per cent to settle at 14,865 while the S&P BSE SmallCap index closed at 13,558., up 127 points or nearly a percent.

Asian shares rallied on Thursday to a three-month high and the dollar fell broadly after the Federal Reserve cut interest rates as expected and US Treasury yields declined. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.53 per cent to the highest since July 30. Hong Kong shares rose 0.93 per cent, while Japan’s Nikkei stock index rose 0.43 per cent. (UNI)