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Rediff.com  » Business » Sensex jumps 255 points; Nifty tops 11,100

Sensex jumps 255 points; Nifty tops 11,100

Source: PTI
August 09, 2019 16:46 IST
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Top gainers in the Sensex pack included Maruti, Bajaj Finance, Vedanta, HDFC twins, HUL, Kotak Bank and ICICI bank, which surged up to 3.36 per cent.

Illustration: Uttam Ghosh/Rediff.com

Extending gains for the second straight session, the BSE Sensex jumped 255 points on Friday on expectations of measures from the Centre to revive economic growth and address tax concerns.

 

Reports of a meeting between Finance Minister Nirmala Sitharaman and foreign portfolio investors (FPIs) to put together a package to boost investor sentiment too lifted the market mood, traders said.

After rallying 480 points during the day, the 30-share Sensex settled 254.55 points or 0.68 per cent higher at 37,581.91.

It hit an intra-day high of 37,807.55 and a low of 37,406.26.

The broader NSE Nifty jumped 77.20 points or 0.70 per cent to 11,109.65.

During the day, it hit a high of 11,181.45 and a low of 11,062.80.

Top gainers in the Sensex pack included Maruti, Bajaj Finance, Vedanta, HDFC twins, HUL, Kotak Bank and ICICI bank, which surged up to 3.36 per cent.

On the other hand, Yes Bank was the biggest laggard, cracking 7.91 per cent.

Tech Mahindra, Tata Motors, Tata Steel, ITC and Sun Pharma too fell up to 2.50 per cent.

According to experts, expectations of multiple measures from the government to revive economic growth after Sitharaman and finance ministry officials met captains of the industry on Thursday led the rally in domestic equities.

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