Published: Mon, March 12, 2018
Money | By Armando Alvarado

Sensex Soars Over 600 Points; Nifty Closes Above 10400

Sensex Soars Over 600 Points; Nifty Closes Above 10400

At the closing bell today, Sensex was up by 610.80 points or 1.83 per cent at 33,917.94 while the Nifty was up by 194.50 points or 1.90 per cent at 10,421.40.

After opening on a strong footing, the Sensex advanced to hit a high of 33,962.48 on the back of fresh buying by domestic funds and retail investors.

Index heavyweights like Bharti Airtel, ITC, NTPC, Tata Motors and Hero MotoCorp were the top gainers on the BSE. The S&P 500 Index rose on Friday and the Nasdaq Composite Index soared to a fresh record high after United States non-farm payrolls data topped forecasts. The index posted its biggest single-day gain since March 1, 2016, when it had jumped 777.35. Japan's Nikkei 225 was trading 1.5 per cent higher, China's Hang Seng was up 1.3 per cent and Shanghai Composite 0.3 per cent and South Korea's KOSPI up 1 per cent.

Dealers said dollar's weakness against a basket of currencies despite strong USA jobs report data and early gains in domestic equity markets supported the rupee.

Why Liverpool 'amazed' me with this tactic against Man Utd - Cascarino
He said: "To be fair, it's an important game for us as a team and I don't want to make it something personal". He added: "For the future it is something you have been through before".

Mumbai: The markets rallied on Monday following firm global cues after trade war worries eased last week.

"Asian stocks boosted sentiment on the domestic bourses while global stocks gained as worldwide trade-war concerns abated and were replaced by economic optimism following a stronger United States jobs report released over the weekend", Karthikraj Lakshmanan, Senior Fund Manager - Equities, BNP Paribas Mutual Fund said. Broader markets slightly underperformed with marginal losses of 0.3 per cent.

All the sectoral indices, led by telecom, FMCG, IT, metals and oil & gas, were trading in the green, with gains of up to 1.75% at 2.00 pm.

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