Mumbai: The BSE Sensex ended 157 points higher
Wednesday, driven by gains in metal, power and financial stocks ahead of
June derivatives expiry.
Extending its gains for the second session, the 30-share index
settled 157.14 points, or 0.40 percent, higher at 39,592.08. The index
hit an intra-day high of 39,674.22 and a low of 39,319.64.
The broader NSE Nifty too rose 51.10 points, or 0.43 percent, to
finish at 11,847.55. During the day, the index touched a high of
11,871.85 and a low of 11,757.55.
Vedanta was the biggest gainer in the Sensex pack, rising 4.40 percent. PowerGrid, Sun Pharma, Yes Bank, Tata Steel, HDFC Bank, Bajaj Finance, ICICI Bank and Bajaj Auto too ended up to 4.12 percent higher.
n the other hand, Infosys, IndusInd Bank, Tech Mahindra, Bharti
Airtel, Maruti, TCS and HDFC were among the top losers, shedding up to
Buying interest was seen in metal,
power, healthcare, capital goods and financial counters ahead of the
expiry of June futures and options (F&O) contracts scheduled for
Thursday, traders said.
Domestic investors are also hoping for positive news on the trade
front in the backdrop of US Secretary of State Mike Pompeo holding talks
with Prime Minister Narendra Modi in New Delhi, traders added.
According to experts, equities witnessed gains after positive
momentum was triggered in the domestic stock market on reports of swift
monsoon progress in the country.
On the currency front, the Indian rupee appreciated 22 paise to 69.13 against the US dollar intra-day.
Brent crude futures, the global oil benchmark, rose 1.17 percent to $65.03 per barrel.
Globally, while bourses in Shanghai, Hong Kong, Tokyo and Seoul ended
on a mixed note, equity markets in Europe were trading in the green in