Closing Bell: Sensex Rises 428 Points To End At 41,009.71, Nifty Closes Near 12,100

Domestic equity indices Sensex and Nifty rallied for the third consecutive day and ended on a positive note on the back of supporting global cues. The BSE benchmark Sensex finished 428 points or 1.05 per cent higher at 41009.71. Similarly, the broader NSE Nifty settled 114.90 points, or 0.96 per cent, higher at 12086.70.

Vedanta, Axis Bank, State Bank of India, and Maruti Suzuki were the top gainers among the Sensex pack. Whereas, Bharti Airtel, Bajaj Auto, and Asian Paints were the top laggards. On the other hand, on the Nifty pack, Axis Bank, Vedanta, Coal India, Hindalco Industries and SBI were among major gainers. Dr Reddys Laboratories, Bharti Airtel, Zee Entertainment, Kotak Mahindra Bank, and Bajaj Auto were the top losers.

Meanwhile, on the currency front, the rupee appreciated 5 paise against the US dollar to 70.78 (intra-day). Bourses in Shanghai, Hong Kong, Seoul and Tokyo soared up to 2.57 per cent. Stocks in Europe were also trading significantly higher. Brent futures, the global oil benchmark, rose 1.07 per cent to USD 64.89 per barrel.

It is to be noted that for the week, the BSE benchmark Sensex added 1.5 per cent, Nifty50 advanced 1.4 per cent, and Nifty Bank index gained 2.2 per cent.

In early trade today, Sensex jumped over 250 points on Friday led by global euphoria over progress in US-China trade and likely Conservative Party win in UK general elections. After rising 284 points, the 30-share index was trading 244.04 points or 0.60 per cent higher at 40,825.75. Also, the Nifty was trading 66.20 points or 0.55 per cent up at 12,038.

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On Thursday, the 30-share gauge ended 169.14 points, or 0.42 per cent, higher at 40,581.71, while the Nifty settled 61.65 points or 0.52 per cent, up at 11,971.80.

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