rediff.com

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  

Rediff News  All News 
Rediff.com  » Business » Sensex zooms 212 points, Nifty tops 10,600

Sensex zooms 212 points, Nifty tops 10,600

April 26, 2018 17:25 IST

Yes Bank was the top performer in the Sensex pack, surging 8.26 per cent, after the private lender reported a 29 per cent rise in its net profit

Illustration: Uttam Ghosh/Rediff.com

The BSE Sensex rebounded by over 212 points on Thursday to end at a nearly three-month high of 34,713.60 on buying by domestic investors in FMCG, IT, banking and consumer durables stocks amid a strengthening rupee.

 

Covering up of pending short positions by speculators on expiry of the April derivatives contracts and encouraging earnings by Yes Bank added to the momentum, brokers said.

Yes Bank was the top performer in the Sensex pack, surging 8.26 per cent, after the private lender reported a 29 per cent rise in its net profit (standalone) at Rs 1179.40 crore for the March quarter.

The BSE 30-share Sensex took off on a positive note at 34,532.95 and advanced to the day's high of 34,747.97 before ending at 34,713.60, up 212.33 points, or 0.62 per cent.

This is its highest closing since February 5, when it had finished at 34,757.16.

The 50-issue NSE Nifty ended at 10,617.80, up 47.25 points, or 0.45 per cent, after shuttling between 10,628.40 and 10,559.65.

Meanwhile, domestic institutional investors (DIIs) bought shares worth Rs 435.98 crore, while foreign portfolio investors sold to the tune of of Rs 304.79 crore on Wednesday, provisional data showed.

Globally, there was a mixed trend in Asia and a higher opening in Europe as robust corporate earnings helped Wall Street calm concerns over the surge in US bond yields.

© Copyright 2018 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.