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Home > Markets > Sensex, Nifty gain ahead of macro data; Tata Motors rallies 7 per cent
Markets
Sensex, Nifty gain ahead of macro data; Tata Motors rallies 7 per cent
By  
PTI   , Published : Dec 12, 2019, 4:02 pm IST | Updated : Dec 12, 2019, 4:02 pm IST

After rallying over 300 points, the 30-share BSE Sensex ended 169.14 points, or 0.42 per cent, higher at 40,581.71.

Tata Motors was the top gainer in the Sensex pack, rallying 7.17 per cent, followed by Yes Bank 5.96 per cent, Vedanta 3.68 per cent, Tata Steel 3.29 per cent, SBI 2.91 per cent and Kotak Bank 1.76 per cent. (Photo: File)
Tata Motors was the top gainer in the Sensex pack, rallying 7.17 per cent, followed by Yes Bank 5.96 per cent, Vedanta 3.68 per cent, Tata Steel 3.29 per cent, SBI 2.91 per cent and Kotak Bank 1.76 per cent. (Photo: File)

Mumbai: Market benchmark Sensex on Thursday rose by 169 points on the back of gains in index heavyweights HDFC Bank, Kotak Bank and SBI amid positive cues from global equities.

After rallying over 300 points, the 30-share BSE Sensex ended 169.14 points, or 0.42 per cent, higher at 40,581.71.

Similarly, the broader NSE Nifty settled 61.65 points, or 0.52 per cent, higher at 11,971.80.

Tata Motors was the top gainer in the Sensex pack, rallying 7.17 per cent, followed by Yes Bank 5.96 per cent, Vedanta 3.68 per cent, Tata Steel 3.29 per cent, SBI 2.91 per cent and Kotak Bank 1.76 per cent.

On the other hand, Infosys fell 2.63 per cent, ONGC 1.68 per cent, HCL Tech 1.51 per cent, TCS 1.20 per cent and Bharti Airtel 0.95 per cent.

According to traders, domestic investors following cues from global markets which advanced on the US Federal Reserve's dovish outlook.

The Federal Reserve made no change in interest rates in an effort to maintain the economic growth. Fed chief Jerome Powell said the US outlook "remains favourable despite global developments and ongoing risks" as he described the grinding US-China trade war as a drag on global growth.

Investors are also awaiting factory output data scheduled to be released later in the day, traders said.

Bourses in Hong Kong, Seoul and Tokyo ended on a positive note, Shanghai slipped into the red.

Stocks in Europe were also trading higher.

On the currency front, the rupee appreciated 21 paise against the US dollar to 70.63 (intra-day).

Brent futures, the global oil benchmark, rose 0.74 per cent to USD 64.19 per barrel.

end-of
Tags: 
bse, nse, sensex, nifty, stock markets, share markets, trade, trading
Location: 
India, Maharashtra, Mumbai (Bombay)
Latest From Markets
After swinging over 423 points intra-day, the 30-share BSE Sensex ended down by 304.26 points, or 0.73 per cent, at 41,253.74. (Photo: File | PTI)

Sensex tanks 304 points on last day of 2019; Nifty drops below 12,200

The 30-share BSE Sensex fell 108.21 points or 0.26 per cent to 41,449.79, and the broader NSE Nifty slipped to 12,227.75. (Photo: File | AP)

Sensex drops over 100 points amid thin global trade

Besides, weakening of the American currency in overseas market supported the rupee, while steady rise in crude oil prices and weak opening in domestic equities weighed on the local unit, forex traders said.

Rupee rises 8 paise to 71.23 against US dollar in early trade

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