News APP

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  gplay

This article was first published 4 years ago
Rediff.com  » Business » Sensex closes at new high; Infosys rallies 3%

Sensex closes at new high; Infosys rallies 3%

Source: PTI
November 04, 2019 17:33 IST
Get Rediff News in your Inbox:

The broader NSE Nifty too advanced 50.70 points, or 0.43 per cent, to close at 11,941.30.

Equity benchmark BSE Sensex on Monday rose 137 points to hit a new closing high of 40,302, led by gains in IT, metal and financial stocks amid positive global cues.

Extending its gains for the seventh consecutive session, the 30-share Sensex settled 136.93 points, or 0.34 per cent, higher at 40,301.96.

 

The index also hit its lifetime intra-day high of 40,483.21.

The broader NSE Nifty too advanced 50.70 points, or 0.43 per cent, to close at 11,941.30.

Top gainers in the Sensex pack included Infosys, Vedanta, Tata Steel, ONGC, and ICICI Bank, rising up to 3.05 per cent.

HDFC too gained 2.48 per cent after the mortgage lender said its consolidated net profit jumped over 76.3 per cent to Rs 10,748.69 crore in the second quarter ended September 2019.

On the other hand, Maruti, Hero MotoCorp, IndusInd Bank, Tata Motor and PowerGrid lost up to 2.54 per cent.

According to experts, better liquidity from foreign funds, de-escalation in geopolitical risks and focus on upcoming reforms to revive growth buoyed domestic investor sentiment.

Globally, bourses in Shanghai, Hong Kong and Seoul settled higher on optimism over the US-China trade deal after China's commerce ministry on Saturday announced that top Chinese and US trade negotiators "reached consensus on principles".

Photograph: Danish Siddiqui/Reuters

Get Rediff News in your Inbox:
Source: PTI© Copyright 2024 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
 

Moneywiz Live!