Sensex Ends 127 Points Higher; Nifty Reclaims 11,900-Level

Mumbai: Equity benchmark Sensex ended 127 points higher on Friday, primarily led by gains in auto, metal and power sector stocks amid positive cues from global markets. Also Read – Sensex Jumps Over 200 Points in Early Trade; Nifty Tops 11,950

After rising 252.63 points during the day, the 30-share Sensex settled 127.01 points or 0.31 per cent higher at 40,685.50, and the broader NSE Nifty rose 33.90 points or 0.28 per cent to end 11,930.35. Also Read – Sensex Tumbles Over 1,000 Pts Due to Selloff in IT, Telecom Stocks; Nifty Drops Below 11,700

On the Sensex, Maruti Suzuki was the top gainer, rallying around 4 per cent, followed by M&M, Tata Steel, PowerGrid, Bajaj Auto and NTPC. Also Read – Stock Market Crash: Sensex Nosedives 1,115 Pts, Nifty Tanks Below 10,850-mark in Closing Session

On the other hand, UltraTech Cement, HCL Tech, HUL and Bajaj Finserv were among the laggards.

According to traders, domestic equities ended with gains tracking largely positive cues from global markets.

Bourses in Hong Kong, Tokyo and Seoul closed up to 0.54 per cent higher, while Shanghai finished in the red.

Stock exchanges in Europe were also trading in the green in early deals.

Meanwhile, international oil benchmark Brent crude was trading 0.38 per cent higher at USD 42.62 per barrel.

In the forex market, the rupee depreciated 7 paise to close at 73.61 against the US dollar.