Sensex rallied 169.14 pts

Sensex rallied 169.14 pts

Agency News

Mumbai, Dec 12 : Extending gains further, the BSE Sensex on Thursday rose by 169.14 points to 40,581.71 on brisk buying in Materials, Auto, Capital Goods, Metal and Power stocks amid strong global cues.

Cabinet nod to the Insolvency and Bankruptcy Code (IBC) amendment and the government's approval to a partial credit guarantee scheme for state-run banks to purchase high-rated pooled assets from financially sound NBFCs boosted the investor sentiment. The National Stock Exchange (NSE) too advanced by 61.65 points to 11,971.80. The Nifty registered days high and low at 12,005.50 and 11,934 points respectively.

The equity market remained in green throughout the day as the Sensex opened strong at 40,561.34, up by 149 pts. It spurted nearly 300 points to 40,712.65,day high before closing at 40,581.71, gaining by 169.14 points from its previous close. In sectoral indices Metal was the major gainer, up by more than 2 pc followed by Materials, Industrials, Auto, Bankex, Capital Goods and Power by more than one per cent. In scrips, Tata Motors DVR, Tata Motors, Yes Bank, VEDL and Tata Steel moved up while selling in Infosys, ONGC, HCL Tech and TCS capped from further gain, broker informed.

The S&P BSE Mid-Cap index rose 0.69 pc and the S&P BSE Small-Cap index added 0.59 pc. The market breadth was positive. On BSE, 1372 shares advanced while 1049 shares declined. A total of 171 shares were unchanged. In Nifty 50 index, 37 stocks advanced and 13 stocks declined.(UNI)