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Sensex, Nifty ended higher for the third day in a row

[Edited By: Gaurav]

Tuesday, 11th June , 2019 06:19 pm

The market traded on a positive note following favorable global cues in Asian markets after the US announced an agreement with Mexico.
Up for the third consecutive session, the BSE Sensex benchmark Tuesday added 166 points behind strong purchases in banking, metal and energy stocks amid positive global cues.

After gathering nearly 300 points during the day, the BSE index settled 165.94 points, or 0.42 percent, higher at 39,950.46. The index reached daily highs of 40,066.31 and as low as 40,066.31.

Similarly, the broader NSE Nifty rose 42.90 points, or 0.36 percent, to settle at 11,965.60. During the day, the index touched the highest of 12,000.35 and the lowest of 11,904.35.

The top beneficiaries in the Sensex package are Tata Motors, ONGC, Yes Bank, IndusInd Bank and Vedanta - up to 2.71 percent.

On the other hand, Sun Pharma, M & M, L & T, Coal India and HUL dropped by 3 percent.

By sector, the index of metals, oil and gas and banking rose by 1.33 percent.

The market traded on a positive note after favorable global signals in Asian markets as sentiment turned optimistic after the US announced an agreement with Mexico and investors turned to expect further progress at US-China trade talks, said Narendra Solanki, Head of Fundamental Research (Investment Services) - Research AVP Equity, Anand Rathi Shares, and Stock Brokers.

In Asia, the Shanghai Composite Index rose 2.58 percent, the Hang Seng ended 0.76 percent higher, the Nikkei rose 0.33 percent and Kospi rose 0.59 percent.

Stocks in Europe also traded higher on their initial agreement.

In front of the currency, the Indian rupee valued 21 paise to 69.44 against the US dollar.

Brent crude oil, the global oil benchmark, fell slightly to USD 62.24 per barrel.