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Sensex rises 83 points; energy, metal stocks climb

September 18, 2019 16:54 IST

Top gainers in the Sensex pack included Tata Steel, Vedanta, SBI, Tech Mahindra, Bajaj Finance, Asian Paints, M&M, NTPC and PowerGrid, rising up to 3.95 per cent.

Market benchmark BSE Sensex rose 83 points on Wednesday, led by gains in energy, metal and power stocks as global crude oil prices eased and rupee recovered against the dollar.

After a rangebound session, the 30-share index ended 82.79 points, or 0.23 per cent, higher at 36,563.88.

 

The index hit an intra-day high of 36,712.99 and a low of 36,465.92.

Similarly, the broader NSE Nifty settled 31.05 points, or 0.29 per cent, up at 10,848.65.

Top gainers in the Sensex pack included Tata Steel, Vedanta, SBI, Tech Mahindra, Bajaj Finance, Asian Paints, M&M, NTPC and PowerGrid, rising up to 3.95 per cent.

On the other hand, ONGC, Yes Bank, Bharti Airtel, HDFC Bank, Sun Pharma and Maruti fell up to 2.08 per cent.

After plunging over 2 per cent in the past two sessions, equities took a breather as oil prices cooled after Saudi Arabia's energy minister said that more than half of the country's daily crude oil production that was knocked out by the drone attack, has been recovered.

He also assured that production capacity at its targeted plants would be fully restored by the end of the month.

Further boosting global market mood, US President Donald Trump said a trade agreement between the US and China was likely to happen either before or immediately after the American elections.

Market participants were also awaiting cues from the policy meeting of the Federal Reserve, traders said.

Photograph: Danish Siddiqui/Reuters

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