Sensex reclaims 38,000 mark, Nifty up 120 points

The NSE Nifty50 also surged around 120 points during the afternoon session of trade. So far, sector-wise, consumer durables stocks led the increase in the market.

Published: 14th September 2018 02:19 PM  |   Last Updated: 14th September 2018 02:19 PM   |  A+A-

Sensex

Image for representational purpose.(Photo | File/Reuters)

By IANS

MUMBAI: The benchmark S&P BSE Sensex reclaimed the 38,000 mark on Friday afternoon, supported by a recovery in the rupee and positive global markets.

The NSE Nifty50 also surged around 120 points during the afternoon session of trade. So far, sector-wise, consumer durables stocks led the increase in the market.

The Indian rupee on Friday recovered after the recent slump and around 1.10 p.m. the rupee traded around 71.60 per US dollar, against the previous close of 72.19 per dollar.

Globally equity markets traded higher after reports said that the US and China may hold fresh talks on trade tariffs issue.

Further, the Wholesale Price Index for August, released on Friday, eased to 4.53 per cent from 5.09 per cent in July, which firmed up the domestic investor sentiment.

Index-wise, the wider Nifty50 on the National Stock Exchange traded at 11,490.45 points (1.25 p.m.), higher by 120.55 points or 1.06 per cent from its previous close.

The S&P BSE Sensex, which had opened at 37,939.29 points, traded at 38,022.67 points, higher by 304.71 points or 0.81 per cent than the previous close of 37,717.96 points.

So far, it has touched an intra-day high of 38,058.92 points and a low of 37,859.52 points.

The markets remained closed on Thursday on the ocassion of Ganesh Chaturthi.

 

Stay up to date on all the latest Business news with The New Indian Express App. Download now

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.