Sensex recovers 199.32 pts
Economy

Sensex recovers 199.32 pts

Agency News

Mumbai, May 8 : The benchmark index of Bombay Stock Exchange on Friday recovered by 199.32 pts to close at 31,642.70 following gains in Energy, FMCG, Health care, Technology and IT stocks amid positive global peers. The nifty of the national stock exchange too rose by 52.45 pts to 9,251.50. The nifty registered days high and low at 9,382.65 and 9,238.20, respectively.

Tumbling down by 242 pts on Thursday, the day opened on a strong note at 32,083, surging by 640 pts. It rallied by 645 pts to 32,088.51 days high before closing at 31,642.70, advancing by 199.32 pts from its previous close. The sectoral indices like Energy, FMCG, Health care, Technology and IT pushed the market up. While selling in Utilities, Auto, Consumer Durable, Power and Metal restricted from further gains, broker informed.

Mid-cap rose by 0.04 pc and small-cap declined by 0.45 pc. In 30 scrips, 15 advanced while 15 declined. Global shares rallied on Friday as investors cheered signs of improving Sino-American relations and looked towards more governments gradually reopening their economies. The pan-European STOXX 600 rose 0.6 per cent, boosted by a 5.1 per cent jump in Siemens after the German industrial company announced cost-cut plans to deal with the impact of the pandemic following an 18 per cent drop in industrial profit in the second quarter. Brent crude was up by 87 cents, or 3 per cent, at $30.33 a barrel on Thursday. More (UNI)

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