Closing Bell: Sensex Rebounds 337 Points To End Just Under 37,000

The BSE benchmark Sensex rallied 337 points on Friday, led by gains in energy, banking and IT stocks as global investor sentiment improved on hopes of a trade truce between the US and China.

The 30-share index ended 337.35 points, or 0.92 per cent, higher at 36,981.77. It hit an intra-day high of 37,012.98 and low of 36,727.66.

Similarly, the broader NSE Nifty settled 98.30 points, or 0.91 per cent, higher at 10,946.20. During the day, the index touched a peak of 10,957.05 and a low of 10,867.45.

Top gainers in the Sensex pack included Tech Mahindra, Maruti, NTPC, Axis Bank, Tata Steel, Bajaj Auto, Tata Motors, Bajaj Finance, M&M and Kotak Bank, rising up to 3.77 per cent

On the other hand, Yes Bank, Sun Pharma, TCS, HCL Tech, HUL and ITC were among the losers, shedding up to 2.42 per cent.

In the previous session on Thursday, the BSE barometer ended 80.32 points, or 0.22 per cent, lower at 36,644.42, while the Nifty settled 3.25 points, or 0.03 per cent, higher at 10,847.90.

Tech Mahindra was the biggest gainer in the Sensex pack in early trade on Friday, rallying over 4.70 per cent, after the company announced expansion of its strategic multi-year collaboration with AT&T.

Other gainers included Tech Mahindra, Bharti Airtel, Axis Bank, NTPC, Axis Bank, ONGC, Tata Motors, Infosys, PowerGrid and RIL, rising up to 1.95 per cent.

On the other hand, Sun Pharma, Yes Bank, HDFC duo and HCL Tech slipped up to 2.47 per cent. According to experts, regular news flow from the RBI and the finance ministry have helped to stabilise equity markets lately.

Investors were further calmed by news of upcoming resumption of talks between China and the US, they added. Elsewhere in Asia, Hang Seng, Shanghai Composite Index, Nikkei and Kospi settled in the green.

Exchanges in Europe were also trading in the positive zone in their respective early sessions. The Indian rupee appreciated 16 paise (intra-day) to trade at 71.68 per US dollar. Global oil benchmark Brent crude was trading flat at USD 60.94 per barrel (intra-day).

(With inputs from PTI)