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Business EconomyPosted at: Dec 12 2018 5:39PM


Sensex ends higher on 2nd day at 35,779.07 pts on back of rally in

Mumbai, Dec 12 (UNI) The BSE Sensex continued its winning streak for
second straight session on Wednesday by 629.06 points to end firm at
35,779.07 on brisk buying across the board amidst positive global
cues.
The Nifty of National Stock Exchange (NSE) too rose by 188.45 points
to 10,737.60.
The rally was supported by firmness in stocks of heavyweights like
Reliance Industries, HDFC twins and ICICI Bank.
The swift appointment of former economic affairs secretary
Shaktikanta Das as new RBI governor also boosted the market
sentiment.
In addition, investors took fresh position in shares after outcome
of the five Assembly election results. Positive news about fresh
talks for a US-China trade deal also infused optimism in markets.
The Sensex went up by 127 points to 35,277.84 in the morning session
and then it zoomed up by 676 points to touch the day's high of
35,826.58 before closing at 35,779.07, gaining by 629.06 points as
against its last close.
With this, the Sensex has supurted by 819 points in last couple of
days.
The Nifty recorded day's high and low at 10,752.20 and 10.560.80
points, respectively.
The gains in sectoral indices like Auto, Technology, Realty, Capital
Goods, Industrials and FMCG pushed the market for another day
today, along with scrips of Hero MotoCorp, Bharti Airtel, Yes Bank,
Adani Ports and Tata Motors DVR.
The broader markets also ended positive, as the BSE Mid-Cap index
and Small-Cap went up by 2.56 per cent and 2.50 pc, respectively.
The market breadth was stronger on BSE, as 1,911 shares advanced
against 652 declined and 140 were unchanged.
Globally, Asian stocks ended in green and European stocks were
trading higher after US President Donald Trump hinted at securing a
trade deal with China.
According to a news report, Mr Trump said talks were taking place
with Beijing by phone and he would not raise tariffs on Chinese
imports until he was sure about a deal.
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