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Benchmark indices ended at record closing highs as the three-day Monetary Policy Committee meeting started. The fall in crude oil prices, stronger rupee and hope of rate cut after weak Q4 GDP data boosted sentiment.
The BSE Sensex rallied 553.42 points or 1.39 percent to 40,267.62 and the Nifty50 jumped 165.70 points or 1.39 percent to 12,088.50 but the market breadth was negative. About 1,396 shares declined against 1,185 advancing shares on the BSE.
Bajaj Auto, Asian Paints, Indiabulls Housing, TCS, HCL Technologies, Reliance Industries and Hero Motocorp were leading gainers among Nifty50.
GAIL was among losers.
Among midcaps, Just Dial, Triveni Engineering, Ashok Leyland, Strides Pharma, BEML, Dabur, Jubilant Foodworks and DLF rallied.
Jet Airways, V-Guard Industries and Gati were under pressure.
HEADLINES OF THE DAY
Benchmark indices continued to trade at around record high levels on hope of rate cut after weak GDP data in Q4 and further fall in oil prices.
The Indian rupee strengthened further in afternoon, rising 40 paise to 69.29 against the US dollar.
TVS Motor Company registered sales of 3,07,106 units in May 2019, down 0.9 percent against 3,09,865 units in May 2018.
The crucial resistance for Nifty spot is now seen at 12200 and above this 12320 Support for the immediate term is now placed at 11940 next support will be 11820.
The BSE Sensex rallied 553.42 points or 1.39 percent to 40,267.62 and the Nifty50 jumped 165.70 points or 1.39 percent to 12,088.50 but the market breadth was negative. About 1,396 shares declined against 1,185 advancing shares on the BSE.
Bajaj Auto, Asian Paints, Indiabulls Housing, TCS, HCL Technologies, Reliance Industries and Hero Motocorp were leading gainers among Nifty50.
GAIL was among losers.
Among midcaps, Just Dial, Triveni Engineering, Ashok Leyland, Strides Pharma, BEML, Dabur, Jubilant Foodworks and DLF rallied.
Jet Airways, V-Guard Industries and Gati were under pressure.
HEADLINES OF THE DAY
Benchmark indices continued to trade at around record high levels on hope of rate cut after weak GDP data in Q4 and further fall in oil prices.
The Indian rupee strengthened further in afternoon, rising 40 paise to 69.29 against the US dollar.
TVS Motor Company registered sales of 3,07,106 units in May 2019, down 0.9 percent against 3,09,865 units in May 2018.
The crucial resistance for Nifty spot is now seen at 12200 and above this 12320 Support for the immediate term is now placed at 11940 next support will be 11820.
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