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BREAKING NEWS

Crude oil prices, rupee push equity indices higher (Second Lead)

28 May 2018
Mumbai May 28 (IANS) 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.

--IANS rrb-rv/bg