Sensex jumps by over 400 points, banking stocks surge

ANI
09 Oct 2019, 13:48 GMT+10

Mumbai (Maharashtra) [India], Oct 9 (ANI): Equity benchmark indices bucked morning losses and extended gains in the afternoon trade on Wednesday as buying pressure built up on hopes of rosy corporate earning results for the second quarter.

At 1:20 pm, the BSE SP Sensex was up by 407 points at 37,941 while the Nifty 50 edged higher by 114 points to 11,241. At the National Stock Exchange, most sectoral indices turned green except for FMCG, IT and media.

Among stocks, Bharti Airtel emerged as the top winner with gains of 4.4 per cent to trade at Rs 356.70 per share. IndusInd Bank was up by 4.1 per cent, UltraTech Cement by 3.7 per cent, MahindraMahindra by 3.1 per cent and ICICI Bank by 2.8 per cent.

But Yes Bank was down by 3.8 per cent at Rs 43.90 per share after gaining for two straight sessions. Titan, Zee Entertainment, HCL Technologies and ITC too were in the red.

Meanwhile, Asian markets were sharply lower as US-China trade frictions persisted even as officials from the two countries meet this week to work out a deal.

(ANI)

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Johannesburg Life.

More Information

null in null

International

Section

Trump hints at DOGE investigation of Musk subsidies

WASHINGTON, DC - U.S. President Donald Trump on Tuesday claimed Elon Musk's success has been built on government subsidies. Without...

Native leaders, activists oppose detention site on Florida wetlands

EVERGLADES, Florida: Over the weekend, a diverse coalition of environmental activists, Native American leaders, and residents gathered...

Beijing crowds cheer AI-powered robots over real soccer players

BEIJING, China: China's national soccer team may struggle to stir excitement, but its humanoid robots are drawing cheers — and not...

COVID-19 source still unknown, says WHO panel

]LONDON, U.K.: A World Health Organization (WHO) expert group investigating the origins of the COVID-19 pandemic released its final...

Fox faces $787 million lawsuit from Newsom over Trump phone call

DOVER, Delaware: California Governor Gavin Newsom has taken legal aim at Fox News, accusing the network of deliberately distorting...

DeepSeek faces app store ban in Germany over data transfer fears

FRANKFURT, Germany: Germany has become the latest country to challenge Chinese AI firm DeepSeek over its data practices, as pressure...

Africa

Section