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Closing Bell: Sensex Rises 199 Points To Reclaim 41,000, Nifty Ends To Record High

Market Benchmark Indices Scaled Fresh Closing Peaks On Wednesday On Hectic Buying By Foreign Investors In Banking, IT And Auto Stocks Amid Positive Trends From Global Markets. The 30-share Sensex Rose By 199.31 Points Or 0.49 Per Cent To End At A New Life-time High Of 41,020.61 As 24 Of Its Constituents Ended In Green.

News Nation Bureau | Edited By : Assem Sharma | Updated on: 27 Nov 2019, 04:25:36 PM
Closing Bell: Sensex Rises 199 Points To Reclaim 41,000, Nifty Ends To Record High

New Delhi :

Market benchmark indices scaled fresh closing peaks on Wednesday on hectic buying by foreign investors in banking, IT and auto stocks amid positive trends from global markets.

The 30-share Sensex rose by 199.31 points or 0.49 per cent to end at a new life-time high of 41,020.61 as 24 of its constituents ended in green. The broader NSE Nifty gained 63 points or 0.52 per cent to settle at a new peak of 12,100.70.

Yes Bank was the biggest gainer in the Sensex pack, rallying 7.65 per cent, followed by SBI which rose 2.43 per cent. Maruti gained 2.38 per cent, Sun Pharma 1.87 per cent and HUL by 1.78 per cent. On the other hand, L&T was the top loser, ending 2.05 per cent lower. ICICI Bank, ITC, Tata Steel, NTPC and Axis Bank too closed in red.

According to analysts, sustained foreign fund inflow amid positive cues from global markets buoyed the market sentiment. On Tuesday, the Sensex touched its all-time intra-day high of 41,120.28 before closing down by 67.93 points or 0.17 per cent at 40,821.30.

The Nifty also soared to a new peak of 12,132.45 in day trade before giving up gains to end lower by 36.05 points or 0.30 per cent at 12,037.70. Elsewhere in Asia, bourses in Shanghai, Hong Kong, Seoul and Tokyo were trading on a positive note amid hopes of a breakthrough in the trade logjam between the US and China.

Foreign investors purchased shares worth Rs 4,677.75 crore on a net basis on Tuesday, provisional exchange data showed. Short covering ahead of the expiry of November derivatives contracts on Thursday also contributed to the rally, traders said.

Bourses in Hong Kong, Tokyo and Seoul ended higher while those in Shanghai settled lower. Stocks in Europe were trading on a positive note. On the currency front, the rupee appreciated 15 paise (intra-day) against the US dollar to 71.35.

Brent futures, the global oil benchmark, rose 0.18 per cent to USD 63.33 per barrel.

(With inputs from PTI) 

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First Published : 27 Nov 2019, 03:41:16 PM