BSE benchmark sensex jumps over 200 pts on firm global cues

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MUMBAI: The BSE benchmark Sensex on Thursday rallied over 200 points on positive cues from global markets after dovish comments by the US Federal Reserve as it left key policy rates unchanged. 

 

The 30-share index was trading 213.32 points or 0.60 per cent, higher at 35,804.57.

Similarly, the 50-share NSE Nifty jumped 53.95 points, or 0.51 per cent, to 10,705.75.

On Wednesday, the Sensex ended marginally lower by 1.25 points and the Nifty closed with a negligible loss of 0.4 points.

Top gainers in the Sensex pack include ICICI Bank, RIL, Tata Steel, SBI, Tata Motors, NTPC, Vedanta and TCS, rallying up to 2.20 per cent.

On the other hand, Bajaj Finance, Yes Bank, Hero MotoCorp, Bajaj Auto, HDFC duo and HCL Tech were the top losers, falling up to 1.59 per cent.

On a net basis, foreign portfolio investors (FPIs) bought shares worth a net of Rs 130.25 crore on Wednesday. Domestic institutional investors (DIIs) were net buyers to the tune of Rs 502.26 crore, provisional data available with BSE showed.

According to experts, investor sentiment was buoyed by dovish comments by from the US Federal Reserve after it left the key US lending rate unchanged on Wednesday.

Global investors were also optimistic about the ongoing two-day high-level talks between the US and China aimed at settling a six-month trade war that has weakened both sides, shaken financial markets and clouded the outlook for the global economy.

Meanwhile, the rupee was appreciated 18 paise against US dollar to 70.93. and the benchmark Brent crude futures rose 1.01 per cent to USD 62.16 per barrel.

 

With inputs from PTI

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