Rediff.com  » Business » Sensex rises 237 points; Nifty above 12,100

Sensex rises 237 points; Nifty above 12,100

Source: PTI  -  Edited By: Nandita Malik
February 11, 2020 16:59 IST

NTPC, Maruti, SBI, PowerGrid, Bajaj Auto, UltraTech Cement and Axis Bank rose up to 2.95 per cent.

Market benchmark Sensex ended 237 points higher on Tuesday, largely in tandem with global equities that advanced despite concerns over the coronavirus outbreak.

Led by gains in index heavyweights RIL, ICICI Bank and HDFC, the 30-share BSE Sensex settled 236.52 points, or 0.58 per cent, higher at 41,216.14. It hit an intra-day high of 41,444.34.

 

Similarly, the broader NSE Nifty rose 76.40 points, or 0.64 per cent, to 12,107.90.

NTPC, Maruti, SBI, PowerGrid, Bajaj Auto, UltraTech Cement and Axis Bank rose up to 2.95 per cent.

On the other hand, Bharti Airtel, Mahindra and Mahindra, Nestle India, TCS and Sun Pharma fell up to 0.75 per cent.

Domestic stocks followed global equities, which rallied despite concerns over the coronavirus' impact on the world economy, traders said.

According to analysts, global investors were awaiting cues from China as the world's second-largest economy re-opened for business after a forced extension to the Lunar New Year holiday because of the coronavirus outbreak, which has killed over 1,000 people and disrupted major global supply chains.

Photograph: Shailesh Andrade/Reuters

Source: PTI  -  Edited By: Nandita Malik© Copyright 2020 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
SHARE THIS STORY