Post Session: Sensex surges 352 points in broad-based buying; Bharti Airtel surges 6%
07/12/2017 16:59
The Indian equities ended on robust note on Thursday, undermining mixed cues from Asian peers, as rally in index heavyweights such as Maruti Suzuki, NTPC, Tata Steel, Larsen & Toubro and Bajaj Auto boosted market sentiment. On the sectoral front, all the thirteen indices were trading in green, while consumer durables and power index emerged as top gainers, rising as much as 2.49 per cent and 2.3 per cent, respectively. Shares of Bharti Airtel jumped over 6 per cent after the company partnered with Intex to offer a low cost bundled 4G smartphone at an ‘effective price’ of Rs 1,649 in a bid to counter JioPhone.

The 30-share benchmark index closed trade at 32949.21, up by 352.03 points or by 1.08 per cent, and the NSE Nifty was at 10166.7, up by 122.6 points or by 1.22 per cent.

During the day’s trade, the Sensex touched intraday high of 32992.45 and intraday low of 32598.12, while the NSE Nifty touched intraday high of 10182.65 and intraday low of 10061.9.

The top gainers of the BSE Sensex pack were Bharti Airtel Ltd. (Rs. 513.35,+6.08%), Asian Paints Ltd. (Rs. 1140.50,+3.29%), Maruti Suzuki India Ltd. (Rs. 8881.10,+3.26%), Tata Steel Ltd. (Rs. 687.90,+2.97%), Bajaj Auto Ltd. (Rs. 3195.00,+2.78%), among others.

On the flip side, Coal India Ltd. (Rs. 263.30,-0.64%), Tata Consultancy Services Ltd. (Rs. 2617.65,-0.52%), Cipla Ltd. (Rs. 592.50,-0.50%), Wipro Ltd. (Rs. 281.35,-0.34%), Sun Pharmaceutical Industries Ltd. (Rs. 510.20,-0.26%),, were among top losers on BSE.

The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total shares traded 3009, shares advanced were 1961, while 879 shares declined, and 169 were unchanged.