Wednesday, 12 December, 2018

Sensex surges over 500 points; FMCG, auto stocks gain

New York Stock Exchange Specialist trader Geoffrey Friedman gives a price just after the opening bell on the floor of the New York Stock
Laurie Berry | 12 March, 2018, 14:06

Shares in the other Asian markets rose, taking positive cues from Wall Street where shares ended nearly 2 per cent higher on Friday.

Nifty and Sensex closed down by almost 16 and 44 points at 10,227 and 33,307, respectively, from the previous close.

Tata Motors rose by 3.07 per cent, Hero MotoCorp 2.75 per cent, Maruti Suzuki 1.69 per cent, M&M 1.02 per cent and Bajaj Auto 0.75 per cent.

However, later it gave up some of the gains but still ended up by 610.55 points, or 1.83 per cent, at one-week high of 33,917.94. The index posted its biggest single-day gain since March 1, 2016, when it had jumped 777.35.

A total of 10 stocks registered a fresh 52-week high in trade today, while 1,066 stocks touched a new 52-week low.

PAOK Salonika president enters the pitch with gun after disallowed goal
PAOK's top-of-the-table clash with AEK Athens had to be postponed after the former's owner stormed onto the pitch with a gun. Savvidis reacted by leaving the stands and coming on to the pitch to confront the referee, flanked by bodyguards.

Indian shares rallied on Monday, tracking firm global markets as geopolitical tensions eased somewhat, trade-war worries subsided and a robust U.S.jobs report stoked optimism about global growth. Analysts said that the six-day losing streak that had gripped the markets last week, facilitated investors to indulge in some lo-level buying.

In the broader market, the BSE Midcap and the BSE Smallcap indices rallied 0.5 per cent and 0.6 per cent, respectively.

Market participants will keep a close eye on domestic macro-economic data releases. The Nifty Midcap index was up 1 percent despite balanced market breadth.

European markets were higher in early trade, with Frankfurt's DAX rising 0.52 per cent and Paris CAC 40 up 0.14 per cent. London's FTSE rose 0.04 per cent.

All the sector indices that the BSE compiles ended higher, led by the S&P BSE Telecom index, which gained 2.57%.

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