Sensex reclaims 33k, rallies 346 pts as RIL, Infosys jump

Sensex reclaims 33k, rallies 346 pts as RIL, Infosys jump

PTIUpdated: Thursday, May 30, 2019, 02:10 AM IST
article-image

Mumbai: The Sensex staged a strong comeback to reclaim the key 33,000-mark by surging over 346 points to close at a one-week high of 33,107 today.

In the process, it reversed its three-session losing spell as Reliance Industries led the rally after global crude prices dropped. Infosys jumped the most.

The Sensex opened hit the day’s high of 33,165.15 before settling up 346.38 points, or 1.06 per cent, at 33,106.82. This is the highest closing of November 10 when it had closed at 33,314.56.

The Sensex had lost 554.12 points in the previous three sessions on subdued exports, higher inflation and muted second quarter earnings of some companies.

Also, the NSE Nifty closed at 10,214.75, a hefty gain of 96.70 points, or 0.96 per cent, after touching a high of 10,232.25 and a low of 10,139.20.

Both the indices recorded single-biggest gains since November 1.

There was widespread value-buying amid firm global cues.

RECENT STORIES

India–US Trade Deal Nearing Completion, Big Breakthrough Expected Soon

India–US Trade Deal Nearing Completion, Big Breakthrough Expected Soon

Rupee Tumbles 17 Paise To 90.11 Against US Dollar, High American Currency Demand From Importers...

Rupee Tumbles 17 Paise To 90.11 Against US Dollar, High American Currency Demand From Importers...

Sensex, Nifty Swing Back & Forth Between Gains & Losses After US Federal Reserve's 25-Basis-Point...

Sensex, Nifty Swing Back & Forth Between Gains & Losses After US Federal Reserve's 25-Basis-Point...

Domestic Brokerage Firm Kotak Securities Expects Nifty's 12% Leap In 2026 On The Back Of Better...

Domestic Brokerage Firm Kotak Securities Expects Nifty's 12% Leap In 2026 On The Back Of Better...

'Overwhelming Investors' Response During Visit To Japan & South Korea Will Mark New Milestone In The...

'Overwhelming Investors' Response During Visit To Japan & South Korea Will Mark New Milestone In The...