Sensex rises by 883.77 points on positive global cues

Global stocks rose amid optimism the upcoming earnings season will be sufficiently robust to overshadow a rise in trade tensions.

Published: 14th July 2018 12:49 PM  |   Last Updated: 14th July 2018 12:49 PM   |  A+A-


File Image of BSE Sensex. (File photo | Reuters)


MUMBAI: The Benchmark Index of market Bombay Stock Exchange rose 883.77 points or 2.48 per cent to settle at 36,541.63 for a second straight week as gains in blue-chips such as Reliance Industries, Infosys and Hindustan Unilever catapulted indices higher.

Upbeat global stocks boosted sentiment.

Global stocks rose amid optimism the upcoming earnings season will be sufficiently robust to overshadow a rise in trade tensions.

NSE Nifty rose 246.25 points or 2.29 pc to settle at 11,018.90. BSE Mid-Cap rose 39.85 points or 0.26 pc to settle at 15,431.47. Small-Cap rose 136.39 points or 0.85 pc to settle at 16,196.33.

Trading for the week started on a strong note.

Key benchmark indices logged strong gains on Monday, July 9, 2018, amid upbeat global stocks.

Sensex, rose 276.86 points to settle at 35,934.72. NSE Nifty rose 80.25 points to settle at 10,852.90.

Domestic stocks logged strong gains on Tuesday, July 10, 2018 on positive global stocks.

The barometer index, the S&P BSE Sensex, rose 304.90 points to settle at 36,239.62. NSE Nifty rose 94.35 points to settle at 10,947.25.

Investors shifted focus to upcoming corporate earnings and put global trade concerns aside.

The key indices settled almost flat after a volatile trading session on Wednesday, July 11, 2018.

Sensex rose 26.31 points to settle at 36265.93. Nifty also rose 1.05 points to settle at 10,948.30.

Global cues were weak as trade tensions escalated after US planned additional tariffs on Chinese goods.

Key barometers registered strong gains in a steady session of trade on Thursday, July 12, 2018.

The barometer index, Sensex gained 282.48 points to settle at 36,548.41. NSE Nifty also gained 74.90 points to settle at 11,023.20.

An overnight slump in crude oil prices and positive global stocks boosted sentiment on the domestic bourses. The Sensex settled at a record closing high while the Nifty closed near its all time high.

Key benchmark indices settled with small losses in a volatile session of trade on Friday, July 13, 2018.

Sensex fell 6.78 points to settle at 36,541.63. NSE Nifty alos fell 4.30 points to settle at 11,018.90.

Volatility was high as stocks reacted to inflation data that rose less than expected while IIP fell more than expectations.

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