Sensex ends 142 points higher; pharma, metal stocks rally - Hindustan Times
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Sensex ends 142 points higher; pharma, metal stocks rally

Mumbai | ByPress Trust of India
Feb 21, 2019 05:02 PM IST

The 30-share Sensex settled 142.09 points, or 0.40 % higher at 35,898.35. The broader NSE Nifty gained 54.40 points, or 0.51 %, to 10,789.85.

Extending gains for the second session, the BSE Sensex rose 142 points Thursday led by pharma, metal, auto and banking stocks amid buying by foreign and domestic institutional investors.

Sensex ends 142 points higher; pharma, metal stocks rally(REUTERS)
Sensex ends 142 points higher; pharma, metal stocks rally(REUTERS)

The 30-share Sensex settled 142.09 points, or 0.40 % higher at 35,898.35. The broader NSE Nifty gained 54.40 points, or 0.51 %, to 10,789.85.

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Tata Motors was the biggest gainer in the Sensex pack, rallying 2.94 per cent. It was followed by Vedanta, Bajaj Finance, Sun Pharma, ONGC, ICICI Bank, Bajaj Auto, Tata Steel, RIL, HDFC duo, L&T and SBI, rising up to 2.78%.

On the other hand, Yes Bank, Coal India, Infosys, IndusInd Bank, Kotak Bank, Axis Bank, ITC and TCS slipped up to 1.33 %.

Sectorally, the BSE metal index, consumer durables, healthcare, finance and bankex rose up to 1.14 %; while IT and teck indices ended with losses.

Broader indices outperformed the benchmark. The BSE Midcap index climbed 0.88 per cent while the small-cap gauge rose 1.07%.

According to traders, state-owned banks rose after the finance ministry on Wednesday announced infusion of 48,239 crore in 12 public sector banks (PSBs) in this fiscal to help them maintain regulatory capital requirements and finance growth plans.

Foreign institutional investors (FIIs), who had been heavy sellers over the past few sessions, net bought equities worth 713.47 crore Wednesday, while domestic institutional investors bought equities worth 113.27 crore, provisional data showed. Elsewhere in Asia, Hong Kong’s Hang Seng rose 0.41 % and Japan’s Nikkei ended 0.15% higher; while Shanghai Composite Index shed 0.34 per cent and Korea’s Kospi slipped 0.04 per cent.

In the Eurozone, Frankfurt’s DAX was up 0.28 per cent, Paris CAC 40 fell 0.06 per cent, and London’s FTSE was down 0.63 % in early deals.

The benchmark Brent crude futures fell 0.12 per cent to USD 67 per barrel.

Meanwhile, the rupee depreciated marginally to 71.14 against the US dollar intra-day.

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