Sensex zooms over 600 pts
Economy

Sensex zooms over 600 pts

Agency News

Mumbai, Jun 8 : The benchmark index of Bombay Stock Exchange on Monday spurted 630 pts to 34,917.91, in opening trade as buying was seen across the board, tracking positive global cues. The Nifty of National Stock Exchange too rose by 186 pts to 10,328.20. The Sensex registered intraday high and low at 34,917.91 and 34,775.60 pts, respectively. The Nifty registered intraday high and low at 10,328.20 and 10,290.40 pts, respectively.

The sectoral indices like Bankex, Capital Goods, Realty and Industrials moved up between 2-3 per cent. The midcap was up by 1.03 pc and small-cap by 1.79 pc. In scrips Reliance Industries hit a new lifetime high at 1603, up by 1.41 pc after the conglomerate announced 1.16 per cent stake sale in Jio Platforms to Abu Dhabi Investment Authority for Rs 5,683.50 crore. The gainers were IndusInd Bank by 6.98 pc to Rs 452.05, Bajaj finance by 5.91 pc to Rs 2520, Axis Bank by 5.23 pc to Rs 426.65, SBI by 4.98 pc to Rs 197.15 and Titan by 3.84 pc to Rs 1029.19.

The losers were Sun Pharma by 0.82 pc to Rs 490.10, HCL Technology by 0.12 pc to Rs 575.20 and Nestle India by 0.01 pc to Rs 17,095.65. In 30 scrips, 28 advanced while 2 declined. A total of 19 companies, including Titan, PVR, and Abbott India are scheduled to announce their March quarter results. Asian shares advanced in early deals. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.3 per cent, with Japan's Nikkei rising 0.74 per cent. On the other hand, South Korea’s Kospi slipped 0.3 per cent. In commodities, oil prices rose to their highest in three months after OPEC and its allies including Russia agreed to extend record oil production cuts until the end of July. Brent crude climbed to as high as USD43.41 a barrel. (UNI)

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