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Sensex ends Samvat 2074 7% higher

Wednesday, November 07, 2018

Benchmark indices ended a highly volatile session in the green yesterday on firm Asian cues, ending the Samvat year 2074 higher by over 7%.

The benchmark Sensex has gained 2,407.56 points, or 7%, in the Hindu Samvat year 2074, while the broader NSE Nifty rose by 319.15 points, or over 3%. In yesterday's session, the Sensex commenced higher at 35,076.24 points and continued its upward march to hit a high of 35,196.03. However, profit-booking in the last one hour of trading, in line with losses in European markets, wiped-off most Sensex gains as it hit a low of 34,889.72 and settled at 34,991.91 points, up 40.99 points or 0.12%.

The gauge had lost over 60 points Monday. Similarly, the broader NSE Nifty, after shuttling between 10,600.25 and 10,491.45 points, ended the last session of Samvat 2074 with a rise of 6 points, or 0.06%, to end at 10,530.

Sentiments were also influenced by positive cues from other Asian markets, supported by Wall Street gains. However, momentum was tempered ahead of the US mid-term elections, the first major electoral test of President Donald Trump's big tax cuts and hostile trade policies. Investors adopted a cautious approach in the last session of Samvat year 2074 ahead of a long Diwali break, and kept their positions restricted.

TCS emerged as the best performer among Sensex constituents, rising 2.22%, followed by Yes Bank gaining 1.95%.

Other gainers included Tata Motors, RIL, Sun Pharma, PowerGrid, Bharti Airtel, Vedanta, ICICI Bank, Coal India, ONGC, L&T, Infosys, HDFC, NTPC and M&M, rising up to 1.69%.
 

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