Sensex Closes 464 Points Higher, Nifty Reclaims 10,850: 10 Things To Know

Abhishek Jejani

15 Jan 2019, 03:38 PM IST

Forty six out of Nifty50 stocks closed in the green.

This was the best closing level for Sensex since December 20.
The Sensex jumped as much as 36,349.31 whereas Nifty hit an intraday high of 10,896.95.
The Nifty IT, a sectoral index comprising information technology stocks, closed 3.06 per cent higher. Shares in IT major Wipro closed 5.49 per cent higher at Rs 329.70 on the NSE.
The Nifty Energy also closed 2.14 per cent higher. The gains were led by Reliance Industries, which jumped 3.11 per cent to close at Rs 1,130.95 on the NSE.
Yes Bank was the top gainer on the BSE. Shares in the private sector lender closed 3.86 per cent higher at Rs 202.95.
"Domestic market was buoyed by broad-based buying across all sectors and particularly led by rate sensitive sectors on the expectation of a probable rate cut considering that Index of Industrial Production for the month of November slumped to mere 0.5 per cent while CPI inflation eased for a 6th straight month to 2.19 per cent in December," news agency Press Trust of India quoted Paras Bothra, president, equity research, Ashika Group, as saying.
Maruti Suzuki India was the top laggard on both the stock exchanges. The automaker's shares fell 0.8 per cent to close at Rs 7,349 on the NSE.
The benchmark Brent crude futures rose 0.78 per cent to $59.45 per barrel.
Meanwhile, the rupee declined below the 71 mark against the dollar during Tuesday's session. Strength in the greenback overseas and sustained foreign fund outflows amid surging crude oil prices hurt the rupee, say analysts.
On a net basis, foreign portfolio investors (FPIs) sold shares worth Rs 732.46 crore on Monday, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 527.49 crore, provisional data available with NSE showed. (With agency inputs)