Indian Stocks hit record high, Sensex jumps 1421pts
May 20, 2019
shares rallied on record high in the afternoon session, Monday, and it marked
the sharpest intraday percentage gain in over 3 years. At close, the Sensex was
up 3.75% or 1,421.90 points at 39352.67,
while NSE Nifty was up 3.69% or 421.10 points at 11828.30
the Nifty sectoral indices advanced, led by the Nifty PSU Bank Index’s 7.88%
rally, followed by Nifty infra, auto, banking, financial, energy, FMCG, metal
and Pharma which ended 3 to 4 percent
gainers on the Nifty were Adani Ports, Indiabulls Housing, IndusInd Bank, SBI
and Tata Motors, while losers were Dr Reddy’s Labs, Zee Ent, Bajaj Auto, Tech
Mahindra and Infosys.
gainers in the Sensex pack include IndusInd Bank, SBI, TataMotors, YesBank and
L&T, rising up to 8.64%, while losers include Bajaj Auto and Infosys.
The Nifty bank index extended rallied 4.45% with heavy buying in Bank of Baroda, IndusInd Bank, SBI and Yes Bank. The Auto index surged 4.16% as heavy buying was seen in Motherson Sumi, Bharat Forg, Tata Motors and TVS Motors.