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 Beijing Bulletin.

More Information

33 ℃

null in Beijing

Technology

Section

Technology stocks threatened by Trump interventions

Donald Trump's WeChat ban targets a celebrated Chinese innovation at the heart of the world's largest mobile gaming and social ...

Panacea Infosec joins PCI SSC Global Executive Assessor Roundtable

New Delhi [India], Aug 13 (ANI/NewsVoir): India's leading Cyber Security Consulting, Auditing, and Compliance Company Panacea Infosec joins the PCI ...