Sensex jumps up 599 points ending losing streak for several sessions
Ending the continuous losing streak in the past four sessions, the BSE Sensex on Friday jumped back 599.34 points to close at 73088.33 on the strength of Bankex, Metal, Financial services and Consumer Durable stocks amid weak Asian Market.
The National Stock Exchange (NSE) moved up 151.15 pts at 22,147.
High oscillation was seen during the session, as the Sensex tumbled down 489 pts to open at 71999.65. During the day it was lost ground by 672 pts, reported UNI.
In late trade it erased earlier losses and surged 722 pts at 73,210.17, days high, before closing at 73088.33 from its previous close in spite of growing tension in West Asia.
The NSE registered days high and low at 22,179.55 and 21,777.65 pts respectively.
The stocks that boosted the market were Bankex by 1.02 pc followed by Metal by 0.85 pc, Financial services by 0.83 pc and Consumer Durable by 0.78 pc.
In 30 scrips, 22 advanced, while 8 declined.
The gainers were Bajaj Finance by 3.16 pc to Rs 7107, M& M by 2.72 pc to Rs 2079.15, HDFC Bank by 2.46 pc to Rs 1531.30, JSW Steel by 2.39 pc to Rs 864.40 and Maruti Suzuki by 2.20 pc to Rs 12669.35.
The losers were HCL Technology by 1.20 pc to Rs 1450, Nestle India Ltd by 1.04 pc to Rs 2437.10, TCS by 0.93 pc to Rs 3827.45 and Tata Motors by 0.84 pc to Rs 963.20.
In Asian Market, the Hang Seng fell 1 pc, Taiwan Weighted by 3.96 pc and Strait Times by 0.35 pc.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
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