Crude oil prices, rupee push equity indices higher

May 28, 2018, 19:25 IST | IANS

According to market analysts, healthy buying was observed in capital goods, banking and oil and gas stocks

Oil PricesRepresentational Image

Key equity indices made substantial gains for the third consecutive session on Monday, as a fall in global crude oil prices, as well as a rebound in rupee strength enhanced investors risk-taking appetite. According to market analysts, healthy buying was observed in capital goods, banking and oil and gas stocks.

However, weakness in global markets capped further gains on the Indian indices.

At 3.30 p.m., the wider 50-scrip Nifty of the National Stock Exchange (NSE) provisionally closed at 10,688.65 points -- up 83.50 points or 0.79 per cent -- from the previous close of 10,605.15 points.

Similarly, the 30-scrip Sensitive Index (Sensex) of the BSE, which had opened at 35,074.32 points, closed at 35,165.48 points (3.30 p.m.), higher by 240.61 points or 0.69 per cent from the previous close of 34,924.87 points.

During the intra-day trade, the Sensex touched a high of 35,240.96 points and a low of 35,006.50 points. The BSE market breadth was bullish with 1,840 advances so far against 847 declines.

The major gainers on the BSE were Sun Pharma, Coal India, Asian Paints, Larsen and Toubro and Hero MotoCorp while Tata Consultancy Services (TCS), Power Grid, Infosys, Mahindra and Mahindra and Bharti Airtel were the major losers.

On the NSE, the top gainers were Sun Pharma, Hindustan Petroleum and BPCL. The major losers were Tech Mahindra, Power Grid and TCS.

Also Read: Fuel Stealers Dig 150 Feet Tunnel To Pilfer Oil In Delhi

Catch up on all the latest Crime, National, International and Hatke news here. Also, download the new mid-day Android and iOS apps to get latest updates

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/ reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever.

DISCLAIMER: mid-day and its affiliates shall have no liability for any views, thoughts and comments expressed on this article.

Everything you need to know about the newly crowned Miss World 2018

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK