Home Banking Market Closes on high; Sensex up by 748.31, Nifty at 11,095.25

Market Closes on high; Sensex up by 748.31, Nifty at 11,095.25

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(G.N.S) Dt. 4

Mumbai

The 30-share BSE index jumped 748 points or 2.03 per cent to close at 37,688; while the broader NSE Nifty settled 211 points or 1.94 per cent higher at 11,095.25

Benchmark indices recovered previous session losses and also broke the four day losing streak on August 4 supported by the banking, energy, infra and pharma stocks.
Reliance Industries, Zee Entertainment, HDFC Bank, JSW Steel and Maruti Suzuki were among major gainers on the Nifty, while losers included Tech Mahindra, IndusInd Bank, HCL Tech, BPCL and Tata Motors.
Except IT all other sectoral indices ended in the green. BSE Midcap and Smallcap indices rose 1 percent each.
Top gainers in the sensex pack included Reliance, HDFC Bank, Maruti, Axis Bank, HDFC and ICICI Bank with their shares rising as much as 7.10 per cent.
While Tech Mahindra, IndusInd Bank, HCL Tech, Ultra Cemco and Infosys were the major losers falling up to 2.75 per cent.
On the NSE platform, sub-indices Nifty Media, Financial Services, Bank and Private Bank rallied up to 3.89 per cent.
According to traders, heavy foreign fund inflow and positive cues from global markets cheered investors.

Shares of HDFC Bank surged nearly 4 per cent after the Reserve Bank of India (RBI) approved Sashidhar Jagdishan’s appointment as the new chief of the bank.
Meanwhile, the rupee pared some of its initial losses and settled 3 paise down at 75.04 (provisional) against the US dollar, even as domestic equity market was trading with significant gains.

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