Mumbai: The BSE benchmark Sensex jumped 181 points Fridaywhile the NSE Nifty reclaimed the 10,700-mark, driven by robust buying inbanking, metal and pharma stocks amid positive global cues and a strengtheningrupee. After swinging over 350 points intra-day, the 30-share Sensex finallysettled 181.39 points, or 0.51 per cent, higher at 35,695.10. Similarly, thebroader NSE Nifty ended 55.10 points, or 0.52 per cent, up at 10,727.35.
During theweek, Sensex fell 381.62 points and the Nifty shed 132.55 points.The biggestgainers in the Sensex pack in Friday’s session were Yes Bank, Bharti Airtel,Tata Motors, Vedanta, SBI and Axis Bank, spurting up to 3.05 per cent.Thelosers included HCL Tech, TCS, Infosys, Hero MotoCorp, IndusInd Bank and SunPharma, falling up to 1.55 per cent. Sectorally, banking, financial services,metal and pharma indices rallied the most, jumping over 2 per cent. PSU bankstocks led the rally, with PNB, Union Bank, Bank of India, Andhra Bank and SBIsurging up to 4 per cent. Global investor sentiment was upbeat ahead of atwo-day trade talk between the US and China.
A USgovernment delegation will visit China early next week for the firstface-to-face talks since President Donald Trump and his Chinese counterpartagreed on a temporary truce in the trade war, China’s commerce ministry said. Ona net basis, foreign portfolio investors (FPIs) sold shares worth Rs 972.81crore Thursday, while domestic institutional investors (DIIs) were net buyersto the tune of Rs 34.52 crore, provisional data available with BSE showed.
Meanwhile, therupee was trading 33 paise higher against the US dollar at 69.87. Brent crudefutures rose 1.59 per cent to USD 56.84 per barrel. Elsewhere in Asia, Korea’sKospi ended 0.83 per cent higher, Hong Kong’s Hang Seng rallied 2.24 per centand Shanghai Composite Index jumped 2.05 per cent. Japan’s Nikkei, on the otherhand, dropped 2.26 per cent. In Europe, Paris CAC was up 1.17 per cent, whileFrankfurt’s DAX gained 1.72 per cent in their early deals. London’s FTSE rose1.14 per cent.
