Closing Bell: Sensex Rebounds 175 Points, Nifty Crosses 12,000 Mark

Indian equity benchmark indices Sensex and Nifty staged a fag-end recovery to close higher on Wednesday ahead of the Reserve Bank’s policy meet outcome. At the closing bell, the 30-share BSE Sensex settled with gains of 174.84 points or 0.43 per cent at 40,850.29.

The index swung between a high of 40,886.87 and a low of 40,475.83 during the day. The 50-scrip NSE Nifty closed 43.10 points or 0.36 per cent higher at 12,037.30.

Among the Sensex stocks, Tata Motors emerged as the top gainer, rising by 7 per cent. Yes Bank, ICICI Bank, Vedanta Ltd and Tata Steel were among the gainers.

On the other hand, L&T, Reliance Industries, Maruti, asian Paints and Bajaj Auto dropped. Sectorally, BSE metal index rose the most by 1.66 per cent, followed by bankex and IT indices. BSE capital goods and energy led the losers’ chart.

Asian stocks were trading sharply lower as investors turned more anxious seeing no breakthrough coming soon in US-China trade deal logjam.

On Tuesday, the BSE Sensex settled at 40,675.45, down 0.31 per cent or 126.72 points; while, the Nifty closed at 11,994.20, showing a dip of 0.45 per cent or 54 points. Exchange data showed foreign institutional investors (FIIs) sold equities worth Rs 1,131.12 crore on Tuesday.

In the early trade, the 30-share BSE gauge Sensex was down 119.42 points or 0.29 per cent to 40,556.03. Similarly, the 50-scrip NSE Nifty fell 36.90 points or 0.31 per cent to 11,957.30. Tata Motors and ICICI Bank were the top gainers in the Sensex pack.

(With inputs from PTI) x