Sensex jumps 300 points, Nifty ends near 11,800  

Equities showed resilience on Tuesday and benchmark indices zoomed in the afternoon trading.

Indian equity market indices, BSE Sensex and NSE Nifty50, ended Tuesday's trade with a surge in gains led by bank stocks.
The Sensex ended 311.98 points, or 0.80 per cent, higher at 39,434.94 while the broader index Nifty closed 96.80 points, or 0.83 per cent, higher at 11,796.45 points. The 30-share benchmark S&P BSE Sensex was up 311.98 points at 39,434.94, while the broader NSE Nifty50 was up 96.80 points 11,796.50. Broader market indices also rose with energy, metal, oil & gas leading among advancing sectors, while media, IT, pharma and capital goods traded under pressure. JSW Steel, BPCL, Reliance Industries, Axis Bank and Tata Steel were among major gainers on the indices, while losers were Yes Bank, Bharti Infratel, Asian Paints, IndusInd Bank and L&T.
The S&P BSE Sensex - which had declined 176.92 points to 38,946.04 in morning - jumped as much as 543 points from the intraday low in afternoon deals. The NSE Nifty index rose 163 points from the days weakest level of 11,651.00 to trade above the 11,800 mark. The Sensex and Nifty had ended 0.18 per cent and 0.21 per cent lower on Monday.
Among the sectoral indices, the energy stocks emerged the biggest gainer followed by metal stocks. Capital goods and Industrials stocks alone ended in the negative.
BSE-listed SpiceJet rose nearly four per cent after the airline announced the launch of eight non-stop international flights from Mumbai and Delhi. The flights will connect Mumbai to Riyadh and Dhaka and Delhi to Dhaka and Jeddah. 
Equities in other Asian markets traded on a lacklustre note as investors awaited to see if anything will come of China-US trade talks later this week. US President Donald Trump is slated to meet one-on-one with at least eight world leaders at the G20 summit in Osaka, including China's President Xi Jinping and Russian President Vladimir Putin.
- business@khaleejtimes.com
 

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