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(11/07/2019 16:34)

Post Session: Sensex snaps selling spree, closes 266 points up

Indian benchmarks snapped the selling spree and ended in green on Thursday as possible interest rate cuts by the United States' Federal Reserve lifted sentiments across the Asian markets.

Analysts expect investors to turn their attention to the earnings season, which began with TCS and are now awaiting the first quarter results of Infosys and IndusInd Bank on Friday.

On the global front, in Asia, Shanghai Composite Index, Hang Seng, Nikkei and Kospi ended in the green.Equities in Europe were also trading higher in early deals.

On the currency front, the Indian rupee appreciated 14 paise to 68.43 against the US dollar (intra-day).

The global oil benchmark Brent crude futures rose 0.61 per cent to USD 67.42 per barrel.

The 30-share benchmark index ended at 38823.11 up by 266.07 points or by 0.69 per cent, while the NSE Nifty was at 11582.9 up by 84 points or by 0.73 per cent.

During the day’s trade, Sensex touched intraday high of 38892.5 and intraday low of 38631.31 The NSE Nifty touched intraday high of 11599 and intraday low of 11519.5.

The top gainers of the BSE Sensex pack were Hero MotoCorp Ltd. (Rs. 2507.25,+4.46%), Tata Motors Ltd. (Rs. 75.85,+3.76%), Tata Motors Ltd. (Rs. 156.90,+3.63%), IndusInd Bank Ltd. (Rs. 1540.85,+3.57%), State Bank of India (Rs. 363.10,+2.51%), among others.

The top losers of the BSE Sensex pack were Mahindra & Mahindra Ltd. (Rs. 665.60,-1.33%), Bajaj Auto Ltd. (Rs. 2712.75,-1.06%), ICICI Bank Ltd. (Rs. 426.70,-0.99%), YES Bank Ltd. (Rs. 92.40,-0.65%), Tata Consultancy Services Ltd. (Rs. 2101.45,-0.30%), among others.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2799 , shares advanced were 1343 while 1270 shares declined and 186 were unchanged.