Sensex surges by 483.53 pts

Sensex surges by 483.53 pts

Agency News

Mumbai, Apr 23: The Bench mark Index of Bombay Stock Exchange on Thursday rallied further by 483.53 pts to close strong at 31,863.08 on renewed buying in technology, bankex, IT and finance stocks amid positive Asian Market. The nifty of national stock exchange too rose by 126.60 pts to 9,313.90. The nifty registered days high and low at 9343.60 and 9,170.15 pts respectively.

With yesterdays gain of 742 pts, the sensex advanced by 267 pts to 31,646.45. It spurted by nearly 580 pts to 31,959.02, days high before closing at 31,863.08, up by 483.53 pts from its last close. The sectoral indices include technology, bankex, IT, finance and metal kept the rally intact for another day today. However, selling in FMCG, utilities, consumer durables and Powergrid capped from further gains, broker informed. In scrips, Kotak Bank was the star gainer, up by 8.59 pc to Rs 1249.85 followed by TCS, Infosys, ICICI Bank and HCL Technologies. The mid cap rose to one pc to 1167 level and small cap was up over 1 pc to 10785 level. European stocks slipped 0.4 per cent and US stock futures were down 0.3 per cent after a strong show on Wednesday.

In Asia, MSCI’s broadest index of Asia Pacific shares outside of Japan bounced from two-week lows to be up 0.6 per cent at 460.43 points. Chinese shares gave up gains with the blue-chip index down 0.1 per cent. Japan’s Nikkei climbed 1.5 per cent. South Korea’s KOSPI index rose 1.09 per cent while Hong Kong’s Hang Seng index added 0.5 per cent. In commodity markets, oil surged anticipating that producers are cutting production to weather a collapse in demand as the coronavirus outbreak ravages world economies. Brent crude was up 99 cents, or 15 per cent, at $21.36 a barrel. (UNI)