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Sensex gets 330-point boost from IT, bank stocks

May 30, 2019 16:40 IST

NTPC was the top gainer in the Sensex pack, rallying 3.44 per cent. Bharti Airtel, Bajaj Finance, TCS, HDFC twins, Yes Bank and RIL too gained up to 2.33 per cent.

After a day's breather, benchmark Sensex on Thursday resumed its record-setting spree by rallying 330 points on gains in index heavyweights RIL, HDFC and TCS amid expiry of May derivative contracts.

 

Moreover, sentiment was driven by renewed hopes from the new government as investors have been keenly awaiting the allocation of key portfolios to ministers.

Narendra Modi and his council of ministers are all set to take oath at 1900 hours Wednesday.

After soaring over 400 points, the 30-share index ended 329.92 points, or 0.84 per cent, higher at 39,831.97 -- its fresh-closing high.

The gauge hit an intra-day high of 39,911.92 and a low of 39,500.56.

The broader NSE Nifty also settled at a new closing peak at 11,945.90, gaining 84.80 points or 0.71 per cent.

NTPC was the top gainer in the Sensex pack, rallying 3.44 per cent.

Bharti Airtel, Bajaj Finance, TCS, HDFC twins, Yes Bank and RIL too gained up to 2.33 per cent.

Sun Pharma, M&M, ONGC, IndusInd Bank and Vedanta fell up to 2.39 per cent.

Foreign institutional investors (FIIs) sold equities worth Rs 304.27 crore on Wednesday and domestic institutional investors (DIIs) offloaded shares to the tune of Rs 189.58 crore, provisional data available with stock exchanges showed.

Photograph: Shailesh Andrade/Reuters

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