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 Shanghai Sun.

More Information

27 ℃

Fair in Shanghai/Hongqiao

International

Section

U.S. in lockdown, 50% of states activate National Guard

WASHINGTON, DC - Under siege in the White House, President Donald Trump is aggravating America's latest racial anguish in a ...

11 Washington DC police injured in third day pf protests

WASHINGTON, DC, May 31 (Xinhua) - Washington, D.C. Mayor Muriel Bowser said on Sunday night she was imposing a citywide ...

Israeli police shoot autistic Palestinian man suspecting he was armed

JERUSALEM - Israel's defense minister apologized on Sunday for the Israeli police's deadly shooting of an unarmed Palestinian man who ...

Use of masks outside homes in Dubai no longer mandatory at all times

DUBAI, UAE - The Dubai government is to relax restrictions on wearing face masks in public.Until Sunday, everyone regardless of ...

Something is Deeply Wrong in the American Psyche

"It's My Face Man!.I Didn't Do Nothing Serious Man!.Please!Please!Please!I Can't Breathe!.Please!Man!Please!.Somebody!.Please!Man!.I Can't Breathe!.I Can't Breathe!.Please!.(inaudible),,,,Man!Can't Breathe!.My Face!.Just Get Up!.I Can't ...