Sensex ends 255 points higher, Nifty @ 7,982;
rate-sensitive stocks rally on rate cut hope
Buoyed by the US Federal Reserve's decision to maintain
status quo on policy rate, the domestic market staged a smart rally on Friday,
with S&P BSE Sensex gaining 254.94 points, or 0.98 per cent, led mainly by
the rate-sensitive stocks.
During the day, the market surged over 500 points in a
relief rally, mainly on rate-cut hope even as Asian markets ended mixed and
European markets had a weak opening. The US markets flat on Thrusday night amid
volatility after the Fed rate decision. The broader 50-stock NSE Nifty ended
below 8,000, but gained 82.75 points, or 1.05 per cent.
The rupee appreciated by 51 paise to 65.95 against the US
dollar and traded at three-week high after the Fed meet to emerge the
best-performing currency in Asia at the time of writing this report.
Top Gainers: AXIS BANK
(4.3%), M&M (3.4%), ICICI BANK (3.1%), HERO MOTOCORP (2.9%), SBI (2.9%)
Top Losers: TATA MOTORS (2.9%), ITC (1.8%), HINDUSTAN UNILEVER (1.3%), GAIL (1.2%), BHARTI AIRTEL (1.2%)
Top Losers: TATA MOTORS (2.9%), ITC (1.8%), HINDUSTAN UNILEVER (1.3%), GAIL (1.2%), BHARTI AIRTEL (1.2%)
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