Sensex rises 136 points; Nifty gains over 45 points

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The 30-share Sensex stayed in the positive zone throughout the session on unabated buying by domestic institutional as well as retail investors and hit a high of 33,439.97. The BSE market breadth was bullish with 711 advances and 485 declines.

The broad-based NSE Nifty, after shuttling between 10,296.70 and 10,211.90, finally ended 15.80 points, or 0.15 per cent down at 10,226.85.

After six days of a losing streak, markets rebounded on Thursday with banking stocks to ending in green. "Bottom fishing on the back of gains in Asian stocks amid news of potential United States tariff exemptions helped to boost the market sentiments", Deepak Jasani, Head - Retail Research, HDFC Securities, told IANS.

The markets started volatile as the early hours of trading began on Friday, but soon saw an increase in 136 points to settle for green. The pan-European STOXX 600 was down 0.1 per cent, with most sectors in the red except for defensive industries such as healthcare or utilities, which made limited gains.

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The partially convertible rupee closed at 65.15 on Thursday, down 0.10 percent from its previous close of 64.89. "Mid & Small-cap continued to underperform, as investors are still waiting for further ease in violation". On BSE, Realty (1.63%), Bankex (1.43%), Energy (1.30%), Finance (1.16%), Capital Goods (1.12%) indices were the main gainers.

SAIL cracked 6.40 per cent, Jindal Steel dropped 5.24 per cent, Nalco dipped 2.19 per cent, NMDC 1.85 per cent, Vedanta 1.59 per cent and Hindalco fell by 1.26 per cent.

The Sensex losers were: Tata Steel, down 1.98 per cent at Rs 635.20; Sun Pharma, down 1.85 per cent at Rs 515.40; Yes Bank, down 1.63 per cent at Rs 307.80; Tata Consultancy Services, down 0.92 per cent at Rs 3,001.50; and Tata Motors, down 0.60 per cent at Rs 345.90. Find us on Facebook too!

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