Sensex Jumps 242 Points to 33191, Nifty at 10243

10 December, 2017, 02:19 | Author: Bridget Leonard
  • Sensex Jumps 242 Points to 33191, Nifty at 10243

"The buying momentum in Indian markets was given a boost by hopes that the ruling BJP would win the critical state elections in Gujarat, which would lay the groundwork for the general elections in 2019".

The 30-share Sensex surged 352.03 points, or 1.08%, to close at 32949.21, its biggest single-day gain since November 1, when it had surged 387.14 points, . "This money will come to the stock market", said a dealer. "Stability at a governance level is positive for market sentiment", said Karthikraj Lakshmanan, senior fund manager-equities, BNP Paribas Mutual Fund.

Foreign portfolio investors (FPIs) sold shares worth net Rs 1,075.62 crore on Thursday, while domestic institutional investors (DIIs) bought to the tune of Rs 926.68 crore.

It was followed by HUL 5.21 percent, Maruti 5.03 percent, Infosys 4.49 percent, Tata Motors 2.98 percent, ITC 2.51 percent, Tata Steel 2.37 percent, Tata Motors DVR 2.14 percent, ICICI Bank 1.74 percent and Axis Bank 1.66 percent. In contrast, Hero MotoCorp, SBI, Reliance Industries, TCS, Asian Paint and Dr. Reddy's succumbed to profit-booking.

All the sectoral indices on the National Stock Exchange (NSE) traded in the green with the auto, media, metals and PSU banking indices gaining over 1%, during the day.


Asian markets were trading higher following a broad-based rally in USA equities.

All the 19 sub-indices of the BSE ended in the positive territory, led by the S&P BSE FMCG index, which augmented by 2.23 per cent, followed by the metals index by 1.36 per cent and the auto index.

The broader market depicted a mixed trend, with the BSE mid-cap ending up 0.41 per cent, while small-cap index finished 0.03 per cent down.

In the Asian region, Japan's Nikkei rose 1.39 percent, Hong Kong's Hang Seng gained 1.19 percent, while Shanghai Composite Index gained 0.55 percent. London's Financial Times Stock Exchange too was up 0.24%.

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