ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • MSME Summit
  • Trending News
    • Viral News
    • Travel
    • People
    • Entertainment
    • Sports
  • More ...
    • VIDEOS
    • PHOTOS
BREAKING NEWS
  • Syrma SGS Technology IPO: Issue filled 37% on Day 1; should you subscribe? Anil Singhvi suggests this
  • Samsung Galaxy Z Fold 4, Galaxy Z Flip 4 price in India revealed - Pre-booking, offers and specifications
  • Har Ghar Tiranga campaign: Over 30 crore National Flags sold; CAIT says business worth Rs 500 crore generated
  • Atal Bihari Vajpayee death anniversary: Remembering the poet Prime Minister of India
  • From Rakesh Jhunjhunwala's portfolio: 5 Tata Group stocks that made him ace investor
Read in App
Business News » India News

When Sensex reclaimed 37K mark - Know the reason behind huge jump

The NSE Nifty, after climbing to 11,172.40 - its highest since September 26 last year - closed at 11,168.05 points, up 132.65 points, or 1.20 per cent.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
When Sensex reclaimed 37K mark - Know the reason behind huge jump
The Sensex soared 383 points to reclaim the 37,000 mark Monday, Photo: Pixabay

The Sensex soared 383 points to reclaim the 37,000 mark Monday, led by gains in RIL, ICICI Bank and Bharti Airtel amid sustained foreign fund inflow and positive global cues. According to experts, investors widened their portfolios amid hopes of a win for the incumbent NDA government, following the announcement of 2019 general election dates Sunday.

The 30-share Sensex started off on a strong footing and reclaimed the 37,000 mark on widespread buying by investors, and ended at 37,054.10, up by 382.67 points, or 1.04 per cent.

This is the highest closing level since September 19 last year when it had closed at 37,121.22.

The gauge had settled 53.99 points, or 0.15 per cent, lower at 36,671.43 on Friday.

The NSE Nifty, after climbing to 11,172.40 - its highest since September 26 last year - closed at 11,168.05 points, up 132.65 points, or 1.20 per cent.

Power, oil and gas, PSU, metal, banking, auto, capital goods, infrastructure and healthcare sector stocks witnessed heavy buying through the session.

Experts see this as a pre-poll rally following the announcement of 2019 general election dates.

Watch Zee Business Video here:

Prevailing geopolitical concerns in the wake of recent India-Pakistan military conflicts will be a key factor in the upcoming general elections that may help incumbent NDA government at the centre, they said.

Lok Sabha elections will begin on April 11 and will be held over seven phases followed by counting of votes on May 23, the Election Commission announced on Sunday.

In afternoon trade, the rupee appreciated 21 paise to 69.93 against the dollar.

Meanwhile, on a net basis, foreign institutional investors (FIIs) bought shares worth Rs 1,095.06 crore, while domestic institutional investors (DIIs) sold shares worth Rs 470.7 crore on Friday, provisional data showed.

A firming trend in the rest of Asia, as Chinese markets rebounded on hopes of more policy support for the slowing economy, and a higher opening in European shares also accelerated buying activity here, traders said.

Shanghai Composite Index rallied 1.92 per cent, Japan's Nikkei gained 0.47 per cent, Hong Kong's Hang Seng was up 0.99 per cent and Korea's Kospi rose 0.03 per cent.

Among European markets, Frankfurt's DAX rose 0.38 per cent, Paris CAC 40 advanced 0.32 per cent in their early deals, and London's FTSE too gained 0.77 per cent.

 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
BSE SensexNiftyMarkets
Written By: PTI
Updated: Mon, Mar 11, 2019
07:42 pm
Mumbai, PTI
RELATED NEWS
Market extends rally to 6th day amid easing of WPI inflation; Nifty above 17,800, Sensex gains around 400 points Market extends rally to 6th day amid easing of WPI inflation; Nifty above 17,800, Sensex gains around 400 points
Opening Bell: Nifty at 17,800, Sensex jumps over 200 points on settlement holiday due to Parsi New Year; Auto top gainer Opening Bell: Nifty at 17,800, Sensex jumps over 200 points on settlement holiday due to Parsi New Year; Auto top gainer
Anil Singhvi's strategy on August 18: Support zone on Nifty is 17650-17700, Bank Nifty is 38875-38925 Anil Singhvi's strategy on August 18: Support zone on Nifty is 17650-17700, Bank Nifty is 38875-38925
Stock market holiday today: NSE, BSE to stay close on Independence Day; settlement holiday tomorrow Stock market holiday today: NSE, BSE to stay close on Independence Day; settlement holiday tomorrow
Stock Market Holiday Today 15 August 2022: NSE, BSE to remain closed today Stock Market Holiday Today 15 August 2022: NSE, BSE to remain closed today

LATEST NEWS

Mukul Agrawal stock: This small-cap pharma company share price zooms 8% – Here’s why

Milk price hike: After Amul, Mother Dairy increases rates by Rs 2 per litre | Details

PNG, CNG prices slashed by up to Rs 6; check new rates

Next Stock Market Holiday August 2022: BSE, NSE to remain closed on 31 August

IRCTC share record date 2022 for payment of 75% dividend fixed - All details

NEET, JEE merger into CUET: UGC Chairman Jagadesh Kumar makes big statement - read

ONGC dividend record date 2022 for 65% payment per share price FIXED - Key details

Syrma SGS Technology IPO: Issue filled 37% on Day 1; should you subscribe? Anil Singhvi suggests this

Har Ghar Tiranga campaign: Over 30 crore National Flags sold; CAIT says business worth Rs 500 crore generated

Rs 5 cr prize to those who take GST bills; Kerala Government launches Lucky Bill App to check GST evasion

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2022. India Dot Com Private Limited. All Rights Reserved.
LIVE TV