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Business EconomyPosted at: May 16 2019 5:12PM


Sensex regains, ends higher at 37,393.48 pts on renewed buying

Mumbai, May 16 (UNI) The benchmark index of Bombay Stock Exchange
(BSE) bounced back on Thursday by 278.60 points in a volatile
session to end firm at 37,393.48 on renewed buying in Materails, IT,
Capital Goods, Utilities, Power and Realty stocks.
The Nifty of National Stock Exchange (NSE) too rose by 100.10 points
to 11,257.10.
The Sensex, which had tanked by 203.65 points on Wednesday, went up
by 65 points to 37,179.13 in early trade and then oscillated to
touch day's high and low at 37,518.94 and 37,052.30, respectively,
before closing at 37,393.48, advancing by 278.60 points versus its
last close.
The sectoral indices like Materials, IT, Capital Goods, Utilities,
Power, Realty, Technology and Oil & Gas advanced that pushed the
market up, along with scrips of Bajaj Finance, Tata Motors, Infosys
and VEDL.
The broader markets also ended positive, as the BSE Mid-Cap index
and Small-Cap rose 0.27 per cent and 0.25 pc, respectively.
The market breadth was negative on BSE, as 1,172 shares gained
versus 1,299 fell and 154 were unchanged.
Overseas, European shares reversed early losses while Asian shares
ended mixed on Thursday.
Trade tensions continued to weigh on investor sentiment after
President Donald Trump declared a national emergency to protect US
computer networks from "foreign adversaries". He signed an executive
order which effectively bar US companies from using foreign telecoms
believed to pose national security risks.
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