Rediff.com  » Business » Sensex soars 635 points, Nifty tops 12,200 on Trump's peace offer to Iran

Sensex soars 635 points, Nifty tops 12,200 on Trump's peace offer to Iran

Source: PTI
January 09, 2020 16:12 IST
Get Rediff News in your Inbox:

market mood was also buoyed after China said its Vice Premier Liu He will visit Washington next week for the signing of an interim trade deal.

ICICI Bank was the top gainer in the Sensex pack, rallying 3.80 per cent, followed by SBI, M&M, IndusInd Bank, Maruti Suzuki, Asian Paints and RIL.

The BSE benchmark Sensex soared 635 points on Thursday as global investors heaved a sigh of relief after the US-Iran conflict appeared to cool off.

The 30-share BSE index surged 634.61 points, or 1.55 per cent, to finish at 41,452.35.

 

Similarly, the broader Nifty surged 190.55 points, or 1.58 per cent, to 12,215.90.

ICICI Bank was the top gainer in the Sensex pack, rallying 3.80 per cent, followed by SBI, M&M, IndusInd Bank, Maruti Suzuki, Asian Paints and Reliance Industries.

TCS, HCL Tech, NTPC and Sun Pharma were the only laggards, shedding up to 1.73 per cent.

According to analysts, domestic investor sentiment turned positive after US President Donald Trump offered to "embrace peace" with Iran.

Further, market mood was also buoyed after China said its Vice Premier Liu He will visit Washington next week for the signing of an interim trade deal.

Brent crude oil futures rose 0.40 per cent to USD 65.70 per barrel.

Photograph: Amit Dave/Reuters

Get Rediff News in your Inbox:
Source: PTI© 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