Sensex jumps by over 400 points, banking stocks surge

ANI
09 Oct 2019, 18:18 GMT+10

Mumbai (Maharashtra) [India], Oct 9 (ANI): Equity benchmark indices bucked morning losses and extended gains in the afternoon trade on Wednesday as buying pressure built up on hopes of rosy corporate earning results for the second quarter.

At 1:20 pm, the BSE SP Sensex was up by 407 points at 37,941 while the Nifty 50 edged higher by 114 points to 11,241. At the National Stock Exchange, most sectoral indices turned green except for FMCG, IT and media.

Among stocks, Bharti Airtel emerged as the top winner with gains of 4.4 per cent to trade at Rs 356.70 per share. IndusInd Bank was up by 4.1 per cent, UltraTech Cement by 3.7 per cent, MahindraMahindra by 3.1 per cent and ICICI Bank by 2.8 per cent.

But Yes Bank was down by 3.8 per cent at Rs 43.90 per share after gaining for two straight sessions. Titan, Zee Entertainment, HCL Technologies and ITC too were in the red.

Meanwhile, Asian markets were sharply lower as US-China trade frictions persisted even as officials from the two countries meet this week to work out a deal.

(ANI)

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Mediterranean Times.

More Information

17 ℃

Partly Cloudy in Algiers

Europe

Section

Are the Golden Days over?

As lockdown measures start to be eased in most countries around the world, the experts of The Conversation's global network ...

Vishwanathan Anand to land in India today, says wife Aruna

New Delhi [India], May 30 (ANI): Viswanathan Anand's wife Aruna Anand on Saturday said that the five-time chess champion will ...

Psyonix ponies up $300K for community Rocket League events

Game-maker Psyonix announced Friday that it is putting up $300,000 to back a series of 10 community-based Rocket League events ...

Spacestation, Rogue battle for top of Fusion Rocket League - NA

Spacestation Gaming advanced to the three-on-three and two-on-two championship matches with wins Friday in the Fusion Rocket League's North American ...

'No Decision' on Next Launch Attempt for SpaceX-NASA Mission

A final decision on a launch attempt for SpaceX's milestone mission to the International Space Station on Saturday afternoon will ...

EG edge 100 Thieves in DreamHack Masters Spring - NA

In a meaningless match on Friday, Evil Geniuses rallied to beat Group B champion 100 Thieves 2-1 in the DreamHack ...

International

Section