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Rediff.com  » Business » Sensex gains 162 points on buying in metal, banking counters

Sensex gains 162 points on buying in metal, banking counters

Source: PTI
September 04, 2019 16:42 IST
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Top gainers in the Sensex pack included Bharti Airtel, SBI, Tata Steel, Vedanta, NTPC, HDFC Bank, HCL Tech, ONGC, ICICI Bank and L&T, which rose up to 2.97 per cent.

A day after the massive plunge, the BSE benchmark Sensex on Wednesday recovered by nearly 162 points on emergence of buying mainly in metal and banking counters, but the gains were capped by auto stocks.

Likewise, the NSE gauge Nifty rose 47 points to settle above the key 10,800-mark.

 

After swinging 367 points in a highly volatile session, the 30-share index ended 161.83 points, or 0.44 per cent, higher at 36,724.74. It hit an intra-day high of 36,776.31 and low of 36,409.54.

The broader Nifty after opening on a flat note in the morning traded in the range of 10,858.75 and 10,746.35 during the session.

It finally ended the day with 46.75 points, or 0.43 per cent, gains at 10,844.65.

Top gainers in the Sensex pack included Bharti Airtel, SBI, Tata Steel, Vedanta, NTPC, HDFC Bank, HCL Tech, ONGC, ICICI Bank and L&T, which rose up to 2.97 per cent.

On the other hand, Maruti was the biggest laggard, plunging 3.64 per cent after the company announced a two-day suspension of its manufacturing operations at its Gurugram and Manesar plants in Haryana.

Sun Pharma, Tata Motors, Asian Paints, IndusInd Bank, M&M, Bajaj Auto and RIL too fell up to 2.97 per cent.

On Tuesday, the BSE Sensex dropped 770 points and the NSE Nifty dived over 225 points after investors indulged in panic selloffs amid sustained worries over the country's economic health.

Photograph: Danish Siddiqui/Reuters

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